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Written Answers — State Aid: State Aid (14 Feb 2012) See 1 other result from this answer

Gerry Adams: Question 147: To ask the Minister for Finance if with respect to the disposal of bank assets in IBRC that a clear model in accordance with EU state aid rules has been formulated in the event IBRC decides to proceed with specific asset sales; if disposal of IBRC assets shall always be sold directly by the bank or through a third party; if he will outline if asset disposal by IBRC can be done...

Written Answers — Department of Finance: IBRC Liquidation (18 Jul 2013)

Michael Noonan: ...due to commercial confidentiality and sensitivities the Special Liquidators are unable to provide a breakdown of the type requested. All relevant disclosures in respect of legal cases involving IBRC are publically available through the Courts Services website. I have been advised by the Special Liquidators that there were 120 cases being taken against IBRC at the date of liquidation....

Written Answers — Department of Finance: IBRC Liquidation (21 Mar 2013)

Michael Noonan: As the deputy is aware as part of the Government’s decision on 7th February 2013 to appoint Special Liquidators to IBRC, it was decided that the National Asset Management Agency (NAMA) would acquire those loans which have not been sold after the Special Liquidators have completed their current valuation and sales process. It is expected that IBRC loans will be acquired from the...

Written Answers — Department of Finance: IBRC Liquidation (21 Mar 2013)

Michael Noonan: I can advise the Deputy that providing previous legal services to IBRC would not in itself preclude a firm from advising in support of the preparation of the IBRC legislation and the arrangement involving the IBRC Promissory Notes. As the Deputy is aware, there is a small pool of sufficiently resourced legal firms operating in Ireland and it is likely that a number of these would have...

Written Answers — Department of Finance: IBRC Loans (27 Nov 2013)

Michael Noonan: I have been advised by the Special Liquidators that they have corresponded with all IBRC borrowers, providing them with an opportunity to make written representations on the method of disposal of their loans and the criteria for determining who may bid for loan assets. The Special Liquidators are under instruction to ensure that the valuation of all IBRC assets is completed by 30 November...

Public Accounts Committee: Business of Committee (21 Sep 2017)

Seán Fleming: The IBRC in liquidation is not responsible. The only person representing the IBRC now is the liquidator. It is the IBRC in situ.

Written Answers — Banks Recapitalisation: Banks Recapitalisation (18 Apr 2012)

Michael Noonan: The Central Bank indicated in October 2011 that IBRC should not increase its usage of financing arrangements provided under open market operations with the ECB. At the end of 2011, IBRC had €2.1 billion borrowed under open market operations from the ECB. Furthermore the bank had €40.1 bn of Emergency Liquidity Assistance from the Irish Central Bank. The provision of this ELA by the...

Written Answers — Department of Finance: IBRC Liquidation (27 Mar 2018)

Catherine Murphy: 210. To ask the Minister for Finance if his Department has engaged with the special liquidator of IBRC regarding the release of internal IBRC documents by a former IBRC official (details supplied) to a former debtor of the bank; and if he will make a statement on the matter. [14247/18]

Ceisteanna - Questions: Commissions of Investigation (12 May 2021)

Micheál Martin: ...Commissions of Investigation Act 2004, I am the specified Minister for both the IRBC and the NAMA commissions of investigation. Both commissions are fully independent in their investigations. The IBRC commission of investigation was established by Government order in June 2015, following consultation with Oireachtas parties. The IBRC commission's sole member is Mr. Justice Brian Cregan....

Written Answers — State Banking Sector: State Banking Sector (8 Dec 2011)

Michael Noonan: As the Deputy is aware, Anglo Irish Bank Corporation Limited changed its name to Irish Bank Resolution Corporation Limited (trading as IBRC) on 14 October 2011. The Bank has informed me that a significant part of this renaming and rebranding project was managed using internal resources. The main components of the project included the development of a new brand identity for IBRC and the...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (24 Jan 2012)

Michael Noonan: As the Deputy is aware, Anglo Irish Bank Corporation Limited changed its name to Irish Bank Resolution Corporation Limited (trading as IBRC) on 14 October 2011. The Bank has informed me that a significant part of this renaming and rebranding project was managed using internal resources. The main components of the project included the development of a new brand identity for IBRC and the...

Written Answers — Department of Finance: NAMA Staff Numbers (13 May 2014)

Michael Noonan: ...accordance with Section 41 of the NAMA Act, assigned to NAMA.  I am advised that NAMA is appropriately staffed to deal with its current workload.  As the Deputy states, the Special Liquidators of IBRC have confirmed that they now expect that the proceeds from the sale of IBRC assets will be sufficient to fully discharge the outstanding secured debt owed to NAMA and that,...

Leaders' Questions (22 Apr 2015)

Enda Kenny: ...billion. I might add that not one cent was put into it by this Government. The Deputy has asked a number of important questions. The situation was that the actions that were concluded by the board of IBRC were concluded under the old framework agreement, which was set up by Deputy Martin's own Government and its Minister for Finance. The current Minister for Finance, Deputy Michael...

Written Answers — Department of Finance: IBRC Staff (15 Apr 2014)

Eoghan Murphy: 199. To ask the Minister for Finance if the better than expected sale of Irish Bank Resolution Corporation assets will result in improved redundancy conditions for former staff of IBRC, as originally provided for upon the establishment of IBRC and prior to these terms being changed to facilitate the wind-down of IBRC. [17809/14]

Written Answers — Banks Recapitalisation: Banks Recapitalisation (7 Feb 2012) See 2 other results from this answer

Stephen Donnelly: Question 141: To ask the Minister for Finance the current resources of the IBRC; the projected cash flow requirements of the IBRC over the next ten years; the projected cash flow generated from the sale of IBRC's assets over the next ten years; and if he will make a statement on the matter. [6781/12]

Written Answers — Department of Finance: Commercial Rent Reviews (20 Nov 2012)

Michael Noonan: The overriding mandate of IBRC is to maximise the recovery of loans on behalf of the State and to wind down over time. The underlying approach of the Bank is to work constructively with each borrower on an individual basis. I have been advised that the tenancy arrangements for commercial properties, financed by IBRC, are principally governed by contractual lease agreements between the...

Written Answers — Department of Finance: NAMA Board Appointments (23 Apr 2013)

Michael Noonan: Mr Ellingham was appointed to the board of NAMA as he has significant international experience in finance as well as his experience as a member of the board of IBRC. His experience as a board member of IBRC, since October 2011, will prove invaluable to NAMA as they acquire loans from IBRC following its liquidation.

Written Answers — Department of Finance: IBRC Liquidation (14 Feb 2013) See 1 other result from this answer

Michael Noonan: I have been advised that the deposits held by IBRC at the end of January were €323m. Had IBRC not been liquidated I would expect that these deposits would have been paid in line with their expected contractual maturities. Eligible deposits are covered by the Deposit Guarantee Scheme and the Eligible Liabilities Guarantee schemes. Eligible deposits in IBRC of up to €100,000 for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Mr. Ed Sibley: To be clear, there is a small matter. That does not mean that the issue is not there but there is a small number of trackers within the IBRC from the Irish Nationwide Building Society, INBS. The IBRC did a lot of other things, but what the IBRC did not do a lot of was tracker mortgages.

Written Answers — Department of Finance: IBRC Mortgage Loan Book (2 Oct 2014)

Michael Noonan: The Special Liquidators continue to implement the orderly and efficient wind down of IBRC in accordance with the provisions of the IBRC Act and the instructions issued by the Minister for Finance under the IBRC Act 2013. As the Deputy is aware, for operational reasons, the loan assets of IBRC were divided into six portfolios: Evergreen, Sand, Rock, Salt, Stone and...