A further €360 million has been returned to the State by the Special Liquidators of the Irish Bank Resolution Corporation (IBRC), the entity tasked with winding down Anglo Irish Bank and Irish Nationwide Building Society.
Minister for Finance Paschal Donohoe has published the 11th progress update report on the liquidation which covers 2023 and 2024.
During that time, €110m was distributed to the Exchequer, with an additional €250m handed over to the State earlier this month.
It is now expected that the special liquidation will continue into late 2025 with any residual activity transferred directly to a newly established unit within the NTMA, pending the enactment of necessary legislation by the Oireachtas.
“This report emphasises the significant progress made by the Special Liquidators in 2023 and 2024 as they enter into the final months of the IBRC Special Liquidation,” Mr Donohoe said.
“At inception, the IBRC loan portfolio had a par value of €21 billion,” he added.
“At the end of January 2025, that value stood at €3.1 billion, representing a significant reduction in the overall loan portfolio.”
Special liquidation, legal and professional fees incurred from 1 January 2023 to 31 January 2025 came to €8.6m.
Total fees incurred since the beginning of the special liquidation in February 2013 up to 31 January 2025 now stand at €319.4m.
