Oireachtas Joint and Select Committees
Thursday, 8 October 2020
Public Accounts Committee
Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019
11:30 am
Mr. Brendan McDonagh:
I differentiated Nantes because the Comptroller and Auditor General has done a special report on Nantes. I have to acknowledge that the Comptroller and Auditor General did a report and did very good work with that. However, factually, the Comptroller and Auditor General has established that because of the price at which we acquired the loans and the price we sold them for we made a €10 million loss on Nantes.