IBRC delays loan valuations, sale

The valuation and sale of IBRC loans has been pushed out by six months to November and December of this year.

When IBRC was liquidated in February, the original timetable was to have the valuation of the €16bn IBRC loanbook completed by the end of May and the sales process completed by the end of August. Any remaining loans are to be transferred to Nama.

However, the IBRC’s special liquidator, KPMG, issued a statement yesterday saying that the valuation process will be completed by 11.59pm on Nov 30 and the sales process completed by 11.59pm on Dec 31.