Gerry Adams
Question:231. Deputy Gerry Adams asked the Minister for Finance if he will provide a breakdown of the legal fees incurred by the Irish Bank Resolution Corporation in each year since its establishment. [49631/12]
View answerTuesday, 13 November 2012
Questions (231)
Written answers
I have been advised by IBRC that disclosure of this information is commercially sensitive. However, legal fees incurred by IBRC are included as part of Other Administrative Costs, or where applicable Exceptional Costs, as published in the Bank’s Annual Report & Accounts and Interim Report. The 2011 Annual Report & Accounts for IBRC show Other Administrative Costs of €108m and Exceptional Costs of €82m. However, these figures are not exclusively made up of legal fees. The H1 2012 Interim Report reflects Other Administrative Costs of €45m and Exceptional Costs of €25m.