Dáil Éireann Debate, Thursday - 14 February 2013
140. Deputy Michael McGrath asked the Minister for Finance the implications for loans outstanding to former directors of Anglo Irish Bank and Irish Nationwide arising from the liquidation of Irish Bank Resolution Corporation; and if he will make a statement on the matter. [7908/13]
View answerAs the Deputy will be aware of all debts owing to IBRC, including loans outstanding to former Directors, still remain due and payable in accordance with their terms. This includes loans that were advanced to former directors of Anglo Irish Bank and Irish Nationwide. All loan payments should continue to be made and all debts to IBRC remain due and payable in accordance with their terms. One of the objectives of the Special Liquidators will be to ensure the continued collection of all outstanding debts.
