Michael McGrath (Cork South Central, Fianna Fail)
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44. To ask the Minister for Finance the reason the completion of the Irish Bank Resolution Corporation liquidation will be delayed; and if he will make a statement on the matter. [24958/13]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised by the Special Liquidators that the valuation of IBRC's loan assets will be completed by no later than 30 November 2013 and that the sale of IBRC’s assets shall be agreed or completed by no later than 31 December 2013 or as soon as practicable thereafter. It is the view of the Special Liquidators based on the internal documentation and information within IBRC that this timetable will afford the best opportunity for delivering value for the State.