Dáil Éireann Debate, Tuesday - 30 April 2013
155. Deputy Gerry Adams asked the Minister for Finance if he intends to lay before Dáil Éireann the total euro nominal differential between the valuation of the Irish Bank Resolution Corporation loans net of capital provisions in December 2012 and the total independent market valuation of the loans once completed by the appointed independent loan valuers of the liquidated IBRC. [19869/13]
Amharc ar fhreagraI have been advised by the Special Liquidators that they are not in a position to provide this confidential commercially sensitive information as this could potentially have a detrimental impact on asset recovery. I am further advised that in order to ensure that maximum value is obtained in the sales process the independent valuations will remain confidential. As explained in the Q&A document published by my Department on 7th February last if, after an independent valuation exercise, the value of the assets sold by the Special Liquidators is not sufficient to compensate NAMA for the amount it paid for the net IBRC debt owed to the Central Bank, I will be required to reimburse NAMA for the shortfall. The final valuation of these assets will not be known until that sale process is completed. I will make appropriate disclosure to the House at that time.
