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. Seamus McCarthy:
I think effectively the chief executive is saying that NAMA paid more than the houses were worth at the time. The true write-down at that point, instead of being 57%, would have been around 65%.