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

2:30 pm

Mr. Kieran Wallace:

Unfortunately, we have not got the bids in from the bidders at this point in time. There is still a reality to the possibility that the loans will transfer to NAMA. As everyone understands, NAMA has a backstop position in respect of the IBRC liquidation. It is not a foregone conclusion that these loans will go to outside buyers.