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Joint Oireachtas Committee on Social Protection: Safe Deposit Boxes and Related Deposits Bill 2022: Discussion (24 May 2023)

Paddy Burke: NAMA took over institutions. What did it do with safe deposit boxes?

Joint Oireachtas Committee on Social Protection: Safe Deposit Boxes and Related Deposits Bill 2022: Discussion (24 May 2023)

Mr. Pat Leahy: NAMA largely took over loans from individuals in financial difficulties. It took over those loans from banks but did not necessarily take over financial institutions. Some of the UK firms here have left the jurisdiction but have some-----

Joint Oireachtas Committee on Social Protection: Safe Deposit Boxes and Related Deposits Bill 2022: Discussion (24 May 2023)

Paddy Burke: So we did not have a situation where, when NAMA sold the loans or properties, or the banks themselves were taken over and sold on, the safe deposit boxes then became property of the bank. That would not have happened, would it?

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