Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
2:40 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
In the opening statement, it was stated:
How many IBRC borrowers actually bought back their loans?
Thirty three of the borrower groups [in the IBRC loan book] representing 0.2% of total groups are being offered for sale on a stand-alone basis. No IBRC borrower is being provided with an exclusive opportunity to buy back their loans at a discount.
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