Dáil Éireann Debate, Tuesday - 10 December 2013
140. Deputy Pearse Doherty asked the Minister for Finance if the overall valuation of Irish Bank Resolution Corporation's loan book was completed as scheduled on 30 November; the overall value of same; the way it compares to the valuation at February 2013; and if a further injection of money will be required by IBRC in 2014. [52876/13]
View answerI have been advised by the Special Liquidators that the overall valuation of Irish Bank Resolution Corporation's loan book was completed as scheduled on 30 November.
The information requested will not be published as it is commercially sensitive financial information which could potentially have a detrimental impact on asset recovery from the impending sale process.
The Minister for Finance will only be required to compensate NAMA if the amount raised from the sale of assets by the Special Liquidator is insufficient to cover amounts due to NAMA. The financial outcome of the liquidation will not be known with any certainty until the asset sale process has completed. However, the feedback received from the Special Liquidators thus far is that they are very pleased with the volume and value of bids received to date and a shortfall for NAMA is currently not expected.
