Dáil Éireann Debate, Thursday - 21 February 2013
102. Deputy Michael McGrath asked the Minister for Finance if he will consider applying to clients of Irish Bank Resolution Corporation the same criteria for applications for rent abatements as is currently applied by National Asset Management Agency; and if he will make a statement on the matter. [9527/13]
View answerAs part of the role of the liquidators, the assets of IBRC will be valued independently before being sold. Any assets not sold to third parties (including loan counterparties and other financial institutions) at or above the valuation price will be sold to NAMA at the independent valuation. Where the assets are acquired by NAMA then normal NAMA policies and procedures would apply including their guidelines on rent abatements.
