Results 261-280 of 1,769 for ibrc

Did you mean: ibec?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Stephen Donnelly: ...or a lowball figure. The vulture funds control assets for which they paid about €40 billion. We have the detail on that. For example, NAMA by the end of this year will have sold about €30 billion. If IBRC, Deutsche Bank, RBS, HBOS, etc., are added on top of that, €40 billion is a conservative figure. Let us call the assets of the companies about which we are...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016) See 4 other results from this debate

Catherine Murphy: Two entities were involved in working out distressed assets. IBRC was one and NAMA was the other. We have been constantly reassured by the Minister in the Dáil any time oversight of NAMA was raised that the Comptroller and Auditor General had a big team in it. I found it quite useful to hear about the practical work the Office of the Comptroller and Auditor General does in NAMA. It...

Written Answers — Department of Finance: IBRC Liquidation (9 Nov 2016)

Pearse Doherty: 79. To ask the Minister for Finance the status of the liquidation process at IBRC including a list of all groups of creditors; the likelihood that they will be paid; and the likely financial result for the state. [33903/16]

Finance Bill 2016: Second Stage (Resumed) (26 Oct 2016)

Stephen Donnelly: ...go into more detail on each of these points, but, before I do, let us recall how little tax vulture funds pay in Ireland. In the past few years they have spent about €40 billion in buying loans from NAMA, IBRC and the private banks. Based on numerous filed accounts by vulture funds, they appear to be making annual profits in the region of €3 billion. Were the State taxing...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016) See 6 other results from this debate

...compared with what subsequently transpired during 2014 and 2015. In 2013 and early 2014, the Irish loan sales market was at a very early stage of development. The Irish Bank Resolution Corporation, IBRC, was placed into special liquidation in February 2013 and its loan books were the first large Irish portfolios to be brought to market. From 2013, the market evolved significantly and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Michael McGrath: ...46,000 customers whose mortgages are now owned by non-bank lenders should also be highlighted in the context of this Bill. Many of the mortgages are owned by vulture funds which bought them from IBRC special liquidators and foreign banks departing the market. If the funds decided tomorrow morning that the SVR should be increased to 6%, 8% or higher, these mortgage holders could do...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

...of this capital, the low rate environment and the positive investor disposition towards Ireland creates a [significant] opportunity for NAMA to capitalise on this interest. In addition, the IBRC process provided successful acquirers with the critical mass to establish and invest in local servicing platforms, increasing their capacity and appetite for further acquisitions. That section...

Written Answers — Department of Finance: Health and Safety Regulations (11 Oct 2016)

Michael Noonan: ...to the Central Bank of Ireland Health and Safety Framework and related policies.   10 Irish Bank Resolution Corporation (in SL) Yes Formally in September 2014 but individual elements have been reviewed in the interim No. Prior to and during its liquidation, IBRC always had a full-time health and safety officer, however, due to decreases in staff numbers the full-time health...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

..., we were basing it entirely on the many years' experience, which I mentioned earlier, that Mr. Carville and Mr. Reid have in this type of deal, and also the experiences we had, say, through the IBRC wind-down and so on. Mr. Reid might like to add to that.

Written Answers — Department of Finance: IBRC Loans (6 Oct 2016)

Bobby Aylward: 85. To ask the Minister for Finance the position regarding the sale of the IBRC loans associated with the Whitfield Clinic in Waterford; the originating financial institutions associated with the Whitfield Clinic loans; the original financial institutions' book value of the loans associated with the Whitfield Clinic; the IBRC independent valuation of the Whitfield Clinic loans; the IBRC sale...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016) See 2 other results from this debate

Mary Lou McDonald: It also criticised Mr. McCarthy for not making comparisons with other bodies and it referred particularly to the IBRC loan portfolios. I think it said he was comparing NAMA with NAMA. I assume Mr. McCarthy’s position is that the audit process is a case of comparing NAMA with NAMA. Can he comment briefly on that, particularly the IBRC comparison?

Written Answers — Department of Finance: Departmental Meetings (29 Sep 2016)

Michael Noonan: ...Section 110s.  The amendment as published is not finalised and may be subject to further refinements to clarify certain aspects of the provision. In the context of the State's interests in NAMA, IBRC, the banks and other financial institutions, my officials would have met with representatives of companies that would have been involved in bidding for and purchasing loan...

Written Answers — Department of Finance: Departmental Staff Remuneration (27 Sep 2016) See 1 other result from this answer

Michael Noonan: ...Council Not applicable Council has no staff n/a n/a n/a n/a 9 Investor Compensation Company Ltd Circa €1,356 estimated Circa €5,412 estimated Circa €9,468 estimated Circa €13,524 estimated 10 Irish Bank Resolution Corporation All remaining employees in IBRC (in Special Liquidation) are salaried employees on a fixed term contract earning in excess of terms...

Written Answers — Department of Finance: Departmental Communications (16 Sep 2016)

Michael Noonan: ...on the CBI data stream.  The CBI have started to record Eircode for authorised firms.  ICCL automatically update their records in this regard on receipt from the CBI data stream. Irish Bank Resolution Corporation IBRC (in Special Liquidation) have recently moved to a new premises in Kings Building, Church Street, Dublin 7 and have applied for an Eircode, this application is...

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

...is one component. The second component, and a very important one in the past year or so and maybe looking forward, is the capital gains made by disposals of part of the special portfolio, the IBRC related bonds. There have been quite significant capital gains as we disposed of parts of that portfolio. These are then passed on to the Exchequer as part of the surplus income. There is a...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (21 Jul 2016)

Michael McGrath: 105. To ask the Minister for Finance the number, and overall value, of IBRC principal dwelling house residential mortgages sold by the special liquidator; to provide details of each transaction including the identity of the purchaser; and if he will make a statement on the matter. [23858/16]

Written Answers — Department of Finance: IBRC Legal Cases (21 Jul 2016)

Michael McGrath: 109. To ask the Minister for Finance the amount of fees paid to barristers both senior and junior counsel by IBRC since the appointment of the special liquidators; the name and amount paid to each recipient; and if he will make a statement on the matter. [23866/16]

Written Answers — Department of Finance: IBRC Loans (21 Jul 2016)

Michael McGrath: 110. To ask the Minister for Finance if, following its appointment, the special liquidator of IBRC changed the interest rates being charged by the bank on any commercial loans; and if he will make a statement on the matter. [23867/16]

Written Answers — Department of Finance: IBRC Liquidation (21 Jul 2016)

Michael McGrath: 122. To ask the Minister for Finance the current status of the special liquidation of IBRC; to provide details of the portfolio that is remaining; the estimated timeframe; the financial outturn from the liquidation; and if he will make a statement on the matter. [23885/16]

Written Answers — Department of Finance: Departmental Correspondence (21 Jul 2016) See 5 other results from this answer

Stephen Donnelly: ...the assurances given by him and or his Department, in writing, electronic or other, in person, or in any other way, to the bidders and purchasers of any distressed debt loan books sold by NAMA, IBRC, or any other entity on the establishment of section 110 companies to purchase and or manage the loans; and if he will make a statement on the matter. [23916/16]