IBRC loan book auction gets under way

More than €3 billion in debt is understood to have been collected by IBRC last year, and €250 million to date this year, before liquidation of the former Anglo Irish Bank.

17th February, 2013

More than €3 billion in debt is understood to have been collected by IBRC group last year, and €250 million to date this year, before liquidation of the former Anglo Irish Bank two days ago.

The bank's loan book will now be auctioned as part of the liquidation. It is expected to be sold in two tranches, and bidders have until the end of this month to tender for the valuation of these.

An aggressive...

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