Nama defends McKillen loans sale

Nama is not interested in the personalities behind loans and the decision to sell Patrick McKillen’s loans to the Barclay brothers was taken on a purely commercial basis, the agency’s CEO has claimed.

Nama CEO Brendan McDonagh was responding to questions at the Public Accounts Committee (PAC) in relation to a dossier containing allegations first revealed by Senator Darragh O’Brien, including that Nama had given sensitive information to bidders on the Mr McKillen’s loans.

Mr McDonagh admitted under questioning from Deputy Shane Ross that defending Mr McKillen’s lawsuit against the agency in 2011 had cost them €1.7m.