Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

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9:00 am

Mr. Des Carville:

No. We are talking about assets. The bank had assets in the form of loans totalling €25 billion. One of the big jobs was to dispose of these loans. Members will be familiar with the various projects used for this purpose such as Quartz, Sand, Pearl and Evergreen.

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