NATIONAL Irish Bank has said it stands over its initial decision to lend £2.3 million to the Graham family to buy the An Grianan estate in Co Donegal.
The original proposition, it says, was "a good one".
The farm near Lifford, Co Donegal, was repossessed in controversial, circumstances by the bank earlier this year, with the family owing £3.5 million.
Mr Robert Graham, his two sons and their families were forcibly evicted from the farm last August.
The eviction, which took more than nine hours, involved more than 40 security men acting for the Co Donegal sheriff, some of whom were wearing balaclavas.
Asked if the bank approved of how the eviction was handled, NIB general manager, Mr Frank Brennan said yesterday that, in the circumstances, it was difficult to see how it could have been handled differently.
NIB is also involved in another high profile repossession case where it is currently before the courts seeking to realise payment of a £100,000 mortgage taken out by missing broker Mr Tony Taylor.
The house at Anglesea Road in Dublin is due to be sold on December 4th next and is expected to fetch more than £400,000. Mr Brennan, said that any surplus generated by the sale would be distributed under the direction of the courts.
"There will be claims on the proceeds of the sale from Mrs Taylor, (Tony Taylor's wife), the liquidator and others. We will not be the arbitrators on that. It will be the courts."
