IBRC Loans

Dáil Éireann Debate, Tuesday - 12 May 2015

Tuesday, 12 May 2015

Ceisteanna (285)

Colm Keaveney

Ceist:

285. Deputy Colm Keaveney asked the Minister for Finance if he will confirm if borrowers of the Irish Bank Resolution Corporation were offered an incentive discount on their loans to refinance or buy their loans back from the special liquidators before the special liquidators had to put the loans up for auction; if so, the number of borrowers who were granted this discount; and if he will make a statement on the matter. [18365/15]

Freagraí scríofa

Minister for Finance

The Special Liquidators have confirmed to officials in my Department that no borrowers were offered an incentive discount on their loans to refinance or buy their loans back from IBRC.

Notwithstanding the above, following the Special Liquidators' due process and as part of the competitive sales processes devised by the Special Liquidators, it was possible for some borrowers to bid for their own loans.