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

2:10 pm

Mr. Kieran Wallace:

We are very pleased with the progress that has been made while we have been in the IBRC during special liquidation. As my colleague Mr. Eamonn Richardson alluded to, by the end of next week we will have effected restructuring deals with 44% of the borrowers in arrears who are co-operating with us. A further 42% are work in progress. We are actively encouraging those in this category to continue to co-operate with us so we can have restructuring deals done for them over the coming weeks.