Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

It is reported the operational costs of IBRC are 50% more than NAMA for 2011 even though NAMA has a much larger loan portfolio. I recognise the bank's operational costs have fallen from €157 million to €129 million, a fall of 18% in the last year. Is IBRC, despite its small loan portfolio, less efficient than NAMA? Is that why operational costs are so high?