Ireland IBRC Solvent When Liquidated, Former Directors: B. Post

Former directors of the Irish Bank Resolution Corp. say the business was solvent when the government placed it in liquidation earlier this year, the Sunday Business Post reported, citing company documents.

IBRC had assets of nearly 26.5 billion euros ($35.9 billion). The documents were filed with the Irish Department of Finance, according to the report.

The state-controlled IBRC was created when the former Anglo Irish Bank Corp. merged with the Irish Nationwide Building Society in 2011. The government forced the company into liquidation in February.

To contact the reporter on this story: Donal Griffin in Dublin at dgriffin10@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net

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