Oireachtas Joint and Select Committees

Thursday, 5 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund

11:30 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

I apologise for missing part of the meeting. I watched some of it from my office so the Chairman might tell me if I go over old ground. The Irish Bank Resolution Corporation, IBRC, which was a combination of Anglo Irish Bank and Irish Nationwide Building Society, had a huge cost somewhere in the region of €35 billion. It was €30 billion and €5 billion, respectively. Much of that is simply not recoverable. We can see that €682 million was received by the Exchequer in 2019. Is there anything due in 2020? What is the schedule for receipts with regard to the IBRC?

When is the liquidation expected to conclude? What costs have been incurred by the Department to date in the liquidation process?

Comments

No comments

Log in or join to post a public comment.