Written answers

Tuesday, 23 April 2013

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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236. To ask the Minister for Finance if it remains the case that the National Asset Management Agency will acquire the unsold remaining loans at Irish Bank Resolution Corporation in August 2013, or if that date has slipped; and if he will make a statement on the matter. [18758/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I have been informed that should a bid be received for a loan that is not equal to or in excess of the independent valuation received, the loan will transfer at the valuation amount to NAMA. Work in relation to the sale and transfer of loans to third parties is on-going. The Special Liquidators are unable to comment at this time as to when this work will be completed.

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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237. To ask the Minister for Finance the fees payable to date to KPMG in its role as special liquidator of Irish Bank Resolution Corporation [18759/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Special Liquidators have confirmed that fee notes have not yet been issued by them in relation to the liquidation of IBRC.

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