Michael McGrath (Cork South Central, Fianna Fail)
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342. To ask the Minister for Finance if, on their appointment or at any time since, the special liquidators of Irish Bank Resolution Corporation have identified examples where the previous management of the bank entered into verbal commitments with commercial borrowers, or where such a claim was made by a borrower to the special liquidators, and which did not appear to be backed up with documentation; if he will cite the number of such cases, and outline the approach of the special liquidators in dealing with these situations; and if he will make a statement on the matter. [22252/15]

Michael McGrath (Cork South Central, Fianna Fail)
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354. To ask the Minister for Finance if, following their appointment, the special liquidators of Irish Bank Resolution Corporation changed the interest rates being charged by the bank on any commercial loans; and if he will make a statement on the matter. [22483/15]

Michael McGrath (Cork South Central, Fianna Fail)
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356. To ask the Minister for Finance if he will provide details, in respect of Irish Bank Resolution Corporation, of the procedure in place, from the date of nationalisation and, if different, from the date of the appointment of the special liquidator, for the setting and changing of interest rates on specific commercial loans; and if he will make a statement on the matter. [22485/15]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 342, 354 and 356 together.

I am informed that all dealings with IBRC customers, in the first instance, whether they were restructures or amendments to facilities, were dealt with by the respective relationship management team in IBRC.

I am advised that in accordance with bank policies, particular dealings such as any change of interest rate on facilities would be expected to be brought to Credit Committee for approval.

From the date of appointment of the Special Liquidators, one of the Special Liquidators or their nominee sat as a member of the Credit Committee as set out under the corporate governance structure agreed with the Central Bank.

I am advised that from these meetings, the Special Liquidators are only aware of two instances where alleged verbal commitments with commercial borrowers were made by the previous management of IBRC. Given that this information is commercially sensitive customer information the Special Liquidators are not in a position to provide further information regarding these situations.