Oireachtas Joint and Select Committees

Thursday, 28 September 2023

Public Accounts Committee

NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

We bought them from the debtors and receivers and put them onto a SPV, which was worth €325 million at the end of 2022. We transferred that to the Minister for Finance who will transfer that to the LDA. There is no loan book attached to it. It is totally unencumbered.