Tuesday, 12 March 2013

Questions (172)

Pearse Doherty


172. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 63 on 27 February 2013, if he will confirm if it is KPMG corporate finance that will provide the independent valuation of the Irish Bank Resolution Corporation mortgage loanbook. [12626/13]

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Written answers (Question to Finance)

As 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. As such, I have been advised that KPMG corporate finance will not be appointed as part of this process and that the valuation will be undertaken by independent professional advisor(s) or valuer(s).