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

Mr. Kieran Wallace:

Mr. Richardson and I will be making it binding through the contracts that any restructurings that have already been agreed with customers will be honoured by the buyer of the loan.

There have been no discussions about interest rates for the practical reason that we are still in the bidding phase for these mortgage books. Those detailed discussions on interest rates and other issues will only arise when we get down to more final discussions with the preferred bidder.