Oireachtas Joint and Select Committees
Wednesday, 15 February 2017
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised)
1:30 pm
Michael Noonan (Limerick City, Fine Gael)
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The amount of meetings now with people who buy loanbooks is limited. It started very strongly around 2014 and has pretty well worked its way through the system. NAMA has redeemed something like €30 billion worth of the loan notes that it had. In terms of assets the notes are down to about €1.5 billion so its work is nearly complete. I do not know how far up the road the IBRC is but I think it is fairly up the road as well.