Billy Kelleher (Cork North Central, Fianna Fail)
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82. To ask the Minister for Finance if he is satisfied with the progress made to date in the liquidation of Irish Bank Resolution Corporation; if the special liquidator has given an initial indication of the cost to the State of the liquidation; and if he will make a statement on the matter. [23921/13]

Michael Noonan (Limerick City, Fine Gael)
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I can confirm that I am satisfied with the progress made to date in the liquidation of IBRC. I have been advised that the Special Liquidators will ensure that the valuation of all IBRC assets is completed by 30 November 2013 and that the sale of all IBRC assets is agreed or completed by no later than 31 December 2013 or as soon as practicable thereafter. The Special Liquidators have indicated that they believe that it is too soon to comment or provide an initial indication of the cost to the State of the liquidation.