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. Eoin Dorgan:

The money would have to be paid. The promissory note was used as a capital instrument - correct me, if I am wrong - and that amount of cash would have gone in, as the Deputy saw. In 2011, there was a payment to honour that promissory note.

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