Banking Sector: Statements
Dail Éireann — 2021-03-03
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Pádraig Mac Lochlainn (SF), Donegal

To be very clear and brief, the Mica Action Group that led the campaign carried out a survey of the affected families. Right now, the assets of the banks are worth very little more than the site valuation. The houses are not worth anything, but when they benefit from the scheme, they will be restored to full market value, which is worth hundreds of millions of additional euro. That is a huge gain for the banks.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2021-03-03/debate/main
Retrieved: 2026-08-14T04:49:06+00:00
Sitting date: 2021-03-03