IBRC to repay €13bn debt by Q3

The full €12.9bn of debt owed by IBRC will be repaid by its special liquidators by the third quarter of this year, according to the latest progress report update.

The remaining €2.5bn in residual assets from the original €21.7bn portfolio will be sold by the end of this year. Tenders will soon go out for valuation and sale completion of the assets.

The full wind-up of IBRC is not possible until all litigation has been concluded, including actions taken by the Quinn family.