Finance: Nama discount on Project Eagle was more accurate than C&AG

Finance: Nama discount on Project Eagle was more accurate than C&AG

Noonan told the PAC he could not intervene on sale of Northern loan book

The Department of Finance believes Nama applied a more accurate discount rate than the Comptroller and Auditor General (C&AG) on the sale of Project Eagle.

The rate of discount applied by Nama in its disposal of its Northern loan portfolio is one of the main disputes between the agency and the C&AG, which last month found Nama incurred a potential loss to the taxpayer of €220 million when it sold Project Eagle.

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