State has received €280m from liquidation of IBRC

State has received €280m from liquidation of IBRC

The State has received a payment of €280m from the liquidation of the Irish Bank Resolution Corporation.

It is the first dividend payment of 25% of what is owed to the taxpayer.

The liquidators have said they hope to pay out somewhere between 75 and 100% of what's due to unsecured creditors.

Finance Minister Michael Noonan says the payment will reduce the amount he has to borrow.

More in this Section

UCC business students to benefit from $1m philanthropic donationUCC business students to benefit from $1m philanthropic donation

Emirates announces deal for 20 more Airbus A350 planesEmirates announces deal for 20 more Airbus A350 planes

Irish renewable energy firm acquires Mayo windfarm for €37.2mIrish renewable energy firm acquires Mayo windfarm for €37.2m

Sage Group sells payment arm to US firm Elavon for €270mSage Group sells payment arm to US firm Elavon for €270m


Lifestyle

Louis Mulcahy reads in Cork this weekend for the Winter Warmer fest, writes Colette Sheridan.Wheel turns from pottery to poetry

ACCLAIMED filmmaker Damian O’Callaghan is well used to creating cinematic magic on screen.Wedding of the Week: Filmmaker Damian meets his real-life leading lady

From age 6, I was on stage. I started with school plays but it never occurred to me that it would become my job.This much I know with writer and performer Joanne Ryan

I’m 30 and have been with my boyfriend for nearly two years.Sex Advice with Suzi Godson: I can't help him to climax...

More From The Irish Examiner