Brian Cowen (Laois-Offaly, Fianna Fail)

There has been some misunderstanding of the plan in advance of its publication. It is not true to say that NAMA now expects to make a loss. There are three scenarios set out in the plan. Under the central scenario, based on current expected asset recovery values NAMA is projected to make a profit. There are two other scenarios which are variations on the central projection, one in which NAMA makes a larger profit and one in which it makes a loss.

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