IBRC creditors' statement leaked online

Friday 11 October 2013 22.54
Irish Bank Resolution Corporation is in liquidation and is selling loans with a value of €3.5bn
Irish Bank Resolution Corporation is in liquidation and is selling loans with a value of €3.5bn

A statement of affairs detailing creditors of IBRC has been leaked on Twitter.

The details of ordinary customers, such as mortgage holders of Irish Nationwide, are not included following a direction by Minister for Finance Michael Noonan.

Among the list of creditors is a list of professional services companies owed money when the bank went into liquidation.

Security provider G4S was owed €270,000, legal firm Mason Hayes & Curran was owed €283,000 and solicitors Arthur Cox was owed over €400,000.

Other creditors were IBEC, Jones Lang LaSalle, Eugene F Collins, McCann FitzGerald, PR company Drury and the Institute of Bankers of Ireland.

IBRC loan bid process under way

The process of selling loans given by Anglo Irish Bank to some of Ireland's best known companies is under way.

The lender, now called Irish Bank Resolution Corporation, is in liquidation and has been selling loans with a value of €3.5bn.

Unsold borrowings are to transfer to the National Asset Management Agency.

The Anglo Irish loans are being sold off by liquidators KPMG.

Among them are borrowings related to TV3, Arnotts, the Racing Post, Topaz and stockbrokers Davy.

The Irish investors who own the Racing Post said they would bid for their own borrowings of €150m. There is also speculation TV3 would try to buy back its loans.

Arnotts' borrowings of €200m have been linked to Selfridges and the House of Fraser.

Davy had paid off more than half its loan and plans to purchase the outstanding €140m.

Two bids were expected for the €185m loan of petrol retailer Topaz, with one coming from its significant shareholder Denis O'Brien.