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IBRC Loans

Dáil Éireann Debate, Thursday - 21 July 2016

Thursday, 21 July 2016

Questions (111)

Michael McGrath

Question:

111. Deputy Michael McGrath asked the Minister for Finance the number and value of commercial loans being charged at interest rates (details supplied) at the date of the appointment of the special liquidator in respect of IBRC, as at 31 December 2014, 31 December 2015 and to date; and if he will make a statement on the matter. [23868/16]

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Written answers

The 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.

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