Timeframe to offload €22bn IBRC loanbook in doubt

Doubts have been cast on the ability of the special liquidators of IBRC to offload its €22bn nominal value loanbook by the end of this year.

Concerns have also been raised about the suitability of Nama as a final destination for many of the IBRC loans.

IBRC, which was the wind-down vehicle for Anglo Irish Bank and Irish Nationwide, was liquidated last February as part of the restructuring of the €28bn in promissory notes.