Dara Murphy (Cork North Central, Fine Gael) | Oireachtas source

Like Deputy McGrath, I welcome Mr. Duffy and his colleagues to the meeting. The bank has two clear objectives. The first, as it is one of our pillar banks, is to get back to a point at which we have a functioning banking system. The second is to ensure that some moneys can be recouped by the Exchequer. I will pick up on some questions posed by Deputy McGrath. This morning, we heard from executives from the IBRC who told us that their ambition is for the net cost to the Exchequer of the promissory notes to be in the region of €25 billion as opposed to the predicted figure of €34 billion. AIB has cost the Irish taxpayer in the region of €20 billion. I know the bank is restricted with regard to profit warnings but it has said it hopes to be back in profit in 2014. Could Mr. Duffy give us a target that could be achieved for the Exchequer from a potential sale of AIB or a portion of it and give us some indication of where he sees the bank at this point?