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IBRC Mortgage Loan Book

Dáil Éireann Debate, Wednesday - 7 May 2014

Wednesday, 7 May 2014

Questions (41)

Pearse Doherty

Question:

41. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 72 of 30 April 2014, when he stated the price achieved in the recent sale of 64% of the Irish Bank Resolution Corporation Limited in special liquidation residential mortgage book was in excess of the independent valuation obtained, if he will confirm if the independent valuation obtained was the higher of the run-off valuation or market valuation, the two terms used in the PricewaterhouseCoopers report into the disposal of the Irish Bank Resolution Corporation mortgage book, a heavily redacted version of that report having recently been submitted to the Joint Committee on Finance, Public Expenditure and Reform. [20589/14]

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Written answers

I have been advised by the Special Liquidators that the independent valuation was set with reference to the higher of the run-off valuation and market valuation.

Question No. 42 answered with Question No. 38.
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