Banking Operations

Dáil Éireann Debate, Thursday - 23 January 2014

Thursday, 23 January 2014

Questions (65)

Lucinda Creighton

Question:

65. Deputy Lucinda Creighton asked the Minister for Finance if the sale of the loan from Bank of Ireland secured against a hotel (details supplied) or its owners was conducted in an open process; the total number of bidders for the sale of the loan from Bank of Ireland secured against the hotel or the owners of the hotel; the total number of bidders for the sale of the loan from Irish Bank Resolution Corporation secured against the hotel or the owners of the hotel; and if he will make a statement on the matter. [3443/14]

Written answers

Minister for Finance

I have been advised by Bank of Ireland that, reflecting on both commercial considerations and customer confidentiality, Bank of Ireland does not comment on individual customer-related transactions.

I have also been advised by the Special Liquidators that the information requested regarding the sale of the loan from IBRC (In Special Liquidation) will not be published as it is commercially sensitive information.  Releasing this information may prejudice the ability of the Special Liquidators to obtain best value for the loan assets in the IBRC asset sale process.