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IBRC Investigations

Dáil Éireann Debate, Wednesday - 28 November 2012

Wednesday, 28 November 2012

Questions (74)

Gerry Adams

Question:

74. Deputy Gerry Adams asked the Minister for Finance if, further to Irish Bank Resolution Corporation’s appearance at the Oireachtas Committee on Finance, Public Expenditure and Reform on the 31 of October 2012 that their strategy is to continue through this process of preparation and maintenance of data tapes that they can put portfolios or more individual loans into the marketplace and close it earlier, this includes the entire UK loan book; if he will confirm if the preparation and maintenance of data tapes for the UK loan book has been completed in preparation in the event of a large portfolio transaction sale taking place; and if he will make a statement on the matter. [53219/12]

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Written answers

I have been informed that IBRC does not disclose details of its strategic or tactical plans relating to the loan recovery process due to the various associated commercial risks. The Bank considers all options for debt recovery in its efforts to maximise recoveries for the State.

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