Dáil Éireann Debate, Tuesday - 23 April 2013
203. Deputy Pearse Doherty asked the Minister for Finance if he will confirm the way assets not sold by the special liquidator of Irish Bank Resolution Corporation and not acquired by the National Asset Management Agency, that is employee loans, will be resolved; and what party will monitor the performance of such assets. [18457/13]
View answerAs per the Ministerial instruction of 7 February 2013, NAMA shall not be required to make a bid in respect of "any credit facility pursuant to which IBRC (or Irish Nationwide Building Society ("INBS")) has made facilities available to current or former employees and/ or directors of IBRC or INBS". As previously advised, I have been informed that the Special Liquidators will be managing these facilities, the strategies for which will be devised on a case by case basis.
