IBRC Loans

Dáil Éireann Debate, Tuesday - 9 June 2015

Tuesday, 9 June 2015

Ceisteanna (355)

Michael McGrath

Ceist:

355. Deputy Michael McGrath asked the Minister for Finance if he will provide, in tabular form, in respect of Irish Bank Resolution Corporation, as at the date of the appointment of the special liquidator, as at 31 December 2013 and as at 31 December 2014, the number and value of commercial loans being charged an interest rate of less than 1%; of between 1% and 1.99%; 2% and 2.99%; 3% and 3.99%; 4% and 4.99%; 5% and 5.99%; 6% and 6.99%; 7% and 7.99%; of 8% and over; and if he will make a statement on the matter. [22484/15]

Freagraí scríofa

Minister for Finance

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.

I am aware that an official in my Department has been in contact with the Deputy and has advised him of the delay.

Question No. 356 answered with Question No. 342.