Written answers
Thursday, 19 September 2013
Department of Finance
Bank Liquidation Issues
Kevin Humphreys (Dublin South East, Labour)
Link to this: Individually | In context | Oireachtas source
54. To ask the Minister for Finance the amount of working capital the special liquidator of the Irish Bank Resolution Corporation has advanced to date to companies with outstanding loans; and if he will make a statement on the matter. [38900/13]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
Decisions around the advance of working capital are a commercial matter for the Special Liquidators of IBRC and neither I nor my officials have any role in those decisions. I am advised by the Special Liquidators that they are unable to provide this information as they believe it to be commercially sensitive. However the Special Liquidators have confirmed that working capital is only advanced where it is necessary to protect, maintain or enhance the value of the loans and the related assets of IBRC.
No comments