Michael McGrath (Cork South Central, Fianna Fail)
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353. To ask the Minister for Finance if the review of transactions undertaken by Irish Bank Resolution Corporation announced by him on 23 April 2015 will involve an examination of the interest rates charged by the corporation on commercial loans since the corporation was nationalised, where any loss arising might be categorised as a revenue loss as opposed to a capital loss; if he has discussed this specific issue with the special liquidator; if it is the intention of the special liquidator to examine the issue of interest rates; and if he will make a statement on the matter. [22482/15]

Michael Noonan (Limerick City, Fine Gael)
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As announced last week, the transaction review which the Special Liquidators were directed to conduct has been replaced with a Commission of Investigation, therefore the question posed by the Deputy is no longer applicable.

A draft terms of reference for the Commission of Investigation were made available on the Department of Finance website at . I have also invited and received feedback from and engaged in consultation with various Deputies on the draft terms of reference in advance of their submission to, and discussion in, the Dail. The terms of reference will be laid before the Houses today for discussion this evening.

Michael McGrath (Cork South Central, Fianna Fail)
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355. To ask the Minister for Finance if he will provide, in tabular form, in respect of Irish Bank Resolution Corporation, as at the date of the appointment of the special liquidator, as at 31 December 2013 and as at 31 December 2014, the number and value of commercial loans being charged an interest rate of less than 1%; of between 1% and 1.99%; 2% and 2.99%; 3% and 3.99%; 4% and 4.99%; 5% and 5.99%; 6% and 6.99%; 7% and 7.99%; of 8% and over; and if he will make a statement on the matter. [22484/15]

Michael Noonan (Limerick City, Fine Gael)
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The Special Liquidators are in the process of compiling a response to this question which I will forward to the Deputy at the earliest opportunity.

Given that IBRC is going through a liquidation process, the ability to collate and report information of this detail in such a short period of time is not as feasible as it would be for a bank that is not in wind-down. The Special Liquidators have advised that the delay in issuing the response is due to the information not being readily available on the systems that are being used in the bank and that manual collation of the information is required.

I am aware that an official in my Department has been in contact with the Deputy and has advised him of the delay.