Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Mr. Dukes, Mr. Aynsley and their colleagues from the IBRC. I thank Mr. Dukes for his opening statement and the schedule of information we received in advance. I will start on a broader level in terms of the overall cost and the final bill, which Mr. Dukes addressed in his opening. He said it would be close to €25 billion as opposed to the €29 billion to €34 billion that he estimated in September 2010. Can he clarify whether the estimate of €25 billion relates to the former Anglo Irish Bank - as opposed to the Irish Nationwide Building Society, INBS, element of the IBRC - or is he referring to the IBRC in its totality?