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IBRC Mortgage Loan Book

Dáil Éireann Debate, Wednesday - 30 April 2014

Wednesday, 30 April 2014

Questions (71)

Pearse Doherty

Question:

71. Deputy Pearse Doherty asked the Minister for Finance in respect of the report by PricewaterhouseCoopers into the disposal of the Irish Bank Resolution Corporation mortgage book to confirm if PricewaterhouseCoopers examined the market value of residential market loans, as suggested by the disposal in 2012 of the GE Money portfolio to Pepper and the 2012 transfer of a €1.3 billion par value portfolio from Allied Irish Banks to its pension fund; and if he will make a statement on the matter. [18969/14]

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Written answers

I have been advised by the Special Liquidators that all assets were valued in line with standard valuation methodologies and the Ministerial Instruction. This included an assessment of current market value to third party investors and also NAMA.

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