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
4:10 pm
Mr. Kieran Wallace:
This morning we announced the sale of Project Rock and Project Salt, in which PwC was involved. It is a €7 billion par value book and the advice of PwC was instrumental in allowing us to get the book sold. It was sold entirely on the open market and it was a good success for the taxpayer. PwC has done a very good job working on that and assisting us in ensuring a transparent and good sales process for the loans.