Adviser fees to IBRC liquidation top €214m

Professional and legal fees related to the special liquidation of IBRC — the Anglo Irish Bancorp and Irish Nationwide holding group — have reached over €214.5m.

The figures were contained in an updated report on IBRC published by the Department of Finance.

It showed that the latest 12 months to early February, the liquidators received €84m in “inflows”, including from loan receipts and sales, and had paid out €393m to unsecured creditors in interim dividends and to cover the costs and administration of the liquidation.