Tuesday, 5 March 2013

Questions (158)

Pearse Doherty

Question:

158. Deputy Pearse Doherty asked the Minister for Finance if he will provide the tender document issued by the special liquidator of Irish Bank Resolution Corporation for the provision of independent valuation services to value loans for sale. [11340/13]

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Written answers (Question to Finance)

I have been advised by the special liquidators that the Request for Proposal (“RFP”) is confidential as it contains commercially sensitive material around the IBRC portfolio and around the independent valuation methodology against which bidders for loan assets will be bidding. The Special Liquidators have indicated that releasing information on the methodology may prejudice the ability of the Special Liquidators to obtain best value for the loan assets by providing information to bidders on these valuations.