Login

KPMG appointed liquidator over “zombie bank” IBRC's €18.7bn loan book

KPMG Ireland has been appointed as special liquidator over “zombie bank” IBRC to accelerate the wind-up of the bank’s loan book which includes €18.7bn in predominantly non-performing UK and Irish commercial property loans.
By James Wallace
February 7, 2013 | 9:15 P.M.

Ireland’s parliament the Dáil passed emergency legislation overnight to usher in the appointment of KPMG Ireland, who will replace the Board and management of IBRC, accelerating the previous strategy as to run-down the loan book in an orderly manner by 2020.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In