Oireachtas Joint and Select Committees
Thursday, 17 November 2022
Public Accounts Committee
2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
9:30 am
Mr. Des Carville:
I can help the Deputy there. In equity terms, about €35 billion went into the IBRC and Irish Nationwide. When we talk about how much we will realise, we have about ten assets left to sell. When I last appeared before the committee, in May, we had 12 assets and we have sold two pubs since then, and there is some litigation outstanding as well. There is a bit of uncertainty but, if I were to put a number on it for the Deputy, I think the recovery from the IBRC will be less than €1 billion, equating to a €34 billion loss.