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:
It is quite interesting. Not all of these individual loan sales have completed, and of the ones that have completed, there have been quite a number in which the borrower was not the successful party. The competitive tension in the bidding process has actually meant an additional return for the creditors, liquidation and, indeed, a different buyer in respect of those loans. It is not a foregone conclusion by any means.