Home Knowledge IBRC Considers Offering Financing to Asset Buyers

IBRC Considers Offering Financing to Asset Buyers

September 21, 2012

It is reported that Irish Bank Resolution Corp., formerly Anglo Irish Bank (IBRC) is considering providing vendor financing to parties seeking to buy its assets as a means of aiding cash-strapped suitors. IBRC is reportedly on target to cover its estimated cost to the State of between €25bn and €28bn and to be run down prior to 2020.