Banking

Cost of IBRC liquidation tops €310 million, report says

The liquidation of the former Anglo-Irish Bank is on course to conclude by the end of 2024

Michael McGrath, the Minister for Finance, said the state remains focused on maximising its return. Picture: Niall Carson

The cost of the State decision to liquidate the Irish Bank Resolution Corporation, formerly Anglo Irish Bank has topped €310 million, according to a new report.

The liquidation of IBRC, announed amid high drama in 2013, is on course to conclude by the end of 2024, according to Michael McGrath, the Minister for Finance.

McGrath published the 10th progress update on the entity, which was created to manage the merged institutions of Anglo Irish Bank ...