Dáil Éireann Debate, Tuesday - 28 February 2012
169 Deputy Gerry Adams asked the Minister for Finance the current estimated value of the IBRC loan book; if he will provide a breakdown of the value of the US loan book, the British loan book, the European loan book and the Irish loan book, respectively; and if he will provide an update on IBRC plans for the sale of these loan books. [11353/12]
View answerThe value of IBRC's remaining loan book, broken down by geographic region, will be reported in the Bank's Annual Report and Accounts which are due for release at the end of March this year. IBRC is working to generate options for the efficient work out of its loan books in accordance with the Bank's approved mandate. This includes examining accelerated disposal where this makes economic sense. Following the timely sale of the majority of the Bank's US loan portfolios, the Bank now continues with further detailed analysis of the remaining loans in Ireland and the UK. This analysis will further inform the Board and management team of IBRC on the timing of the next phases of deleveraging.
