Dáil Éireann Debate, Tuesday - 19 May 2015
125. Deputy Thomas Pringle asked the Minister for Finance further to Parliamentary Question No. 30 of 7 May 2015 if he has requested the valuation report of the residential mortgage portfolio of Irish Bank Resolution Corporation from the special liquidators; and if he will make a statement on the matter. [19470/15]
Amharc ar fhreagraAs explained to the Deputy in Parliamentary Question No. 30 of 7 May 2015, in order to protect the confidentiality of customer data, the integrity of the sales processes and the liquidation more generally, the Department of Finance and NAMA were not made aware of nor did they receive the independent valuations of the loan assets at either a portfolio or a loan level, nor have they been made aware of the sales prices achieved for any individual mortgage sold as part of the liquidation. Therefore, in order to maintain the integrity of the liquidation, a request to the Special Liquidators for the valuation report on the residential mortgage portfolio of IBRC has not been made by either me or my officials.
Publicly available information regarding the loan sales processes are detailed in the progress update report of 12 March 2015, which is available on the Department of Finance website at http://www.finance.gov.ie/sites/default/files/DOF_IBRC_Progress%20update%20report%20to%2031%20Dec%2014.pdf.
