Did IBRC always get the best deals? Hard to know now
Published 04/06/2015 | 02:30
Did IBRC get the best value when it sold assets, was every client treated the same way by the bank? Who knows, who can know?
A former client of the bank, who lost his business to a receiver during the crash, pointed out to me in recent days that at one point in the crisis his lender, IBRC, valued his assets at around €6m.
With debts a multiple of that, he must have appeared to the bank hopelessly underwater.