State to receive €275m IBRC dividend payment this year

Liquidation has so far resulted in a cash balance on hand of around €2.23bn

27th May, 2016
The taxpayer is biggest creditor of IBRC, made up of most of the former Anglo Irish Bank and Irish Nationwide

The taxpayer will be paid €275 million by the liquidators of IBRC, formerly Anglo Irish Bank and Irish Nationwide, the department of finance said today.

Michael Noonan, minister for finance, said that an interim payment of 25 per cent of claims made by creditors would be made by the end of this year.

Among the creditors of IBRC – formerly Anglo Irish Bank and Irish Nationwide – include the State, credit unions, and local authorities.

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