Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

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9:00 am

Mr. Gary Hynds:

The process is ongoing and there remains a figure of €3.5 billion to be disposed of. To date, they have repaid all of the secured borrowings, at a figure of roughly €15 billion. They will have paid €560 million to the State by the end of the year.

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