Dáil Éireann Debate, Tuesday - 18 February 2014
233. Deputy Michael McGrath asked the Minister for Finance the amount of money owed to Irish Bank Resolution Corporation by commercial clients which has to date been written off by virtue of agreements reached during the sale of the loans or individual agreements reached with debtors; and if he will make a statement on the matter. [8285/14]
View answerThe Special Liquidators are in the process of selling the assets of IBRC in an open and transparent process for prices at or above their independent valuation price and failing that, the Special Liquidators will sell the assets to NAMA at their independent valuation price.
I am advised by the Special Liquidators that they will not be publishing the information requested as it is commercially sensitive information. The Special Liquidators believe that releasing this information may prejudice the ability of the Special Liquidators to obtain best value for the loan assets in the ongoing IBRC asset sale process.
I am further advised by the Special Liquidators that they are satisfied that the best price has been obtained for all assets sold to date.
