Dáil Éireann Debate, Thursday - 21 July 2016
110. Deputy Michael McGrath asked the Minister for Finance if, following its appointment, the special liquidator of IBRC changed the interest rates being charged by the bank on any commercial loans; and if he will make a statement on the matter. [23867/16]
View answerThe Special Liquidators are in the process of compiling a response to this question which I will forward to the Deputy at the earliest opportunity.
Given that IBRC is going through a liquidation process, the ability to collate and report information of this detail in such a short period of time is not as feasible as it would be for a bank that is not in wind-down. The Special Liquidators have advised that the delay in issuing the response is due to the information not being readily available on the systems that are being used in the bank and that manual collation of the information is required.
