Oireachtas Joint and Select Committees

Thursday, 17 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Ms Éilish Finan:

Absolutely, it would have been a strategic material issue. It was an opportunistic lens. If there had been a potential bid earlier in the NAMA life for a London book of assets or a particular geographical sector or a particular group of borrowers, that would have been an opportunistic strategy and we absolutely would have looked at it. What happened in September 2013 was that a potential opportunity presented itself.