Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency

12:50 pm

Mr. Brendan McDonagh:

That has to be part of the board's next strategic plan. The way the mechanism is set up legally is that the responsibility and continued management of the IBRC is in the hands of the special liquidator, including the sale and evaluation processes. All we have at the moment is high-level information which is in the public domain. There is one portfolio for sale at present which is a cash-flow trading business and is close to €4 billion. There is the old INBS mortgage book, which is €1.8 billion or €1.9 billion.

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