Timmy Dooley (Clare, Fianna Fail)
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To ask the Minister for Finance the progress that has been made to date in the disposal of the Irish bank Resolution Corporation loans; the way the interests of the taxpayer are being protected in the process; and if he will make a statement on the matter. [14026/13]

Michael Noonan (Limerick City, Fine Gael)
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I am advised that the Special Liquidators are in the process of appointing independent valuers to independently value the IBRC loan assets. Independent sales advisors will be appointed to manage the sales process. The process will be overseen by the Special Liquidators to ensure that deadlines are being met and that the best value is achieved. Where no bid has been received from a bidder that qualifies for the criteria set by the Special Liquidators in respect of an asset of IBRC, or such bids that have been received are for a price lower than the independent valuation price of that asset, then the Special Liquidators shall sell the asset to NAMA at the independent valuation price.