Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Yes. I said “finally”. The bank expects to be out of the bank guarantee system early in the new year. Of all the banks that have come before the committee, the State shareholding in Bank of Ireland has reduced from 30% to 15% and the bank hopes to reduce it further. Our definition of the success of the public interest directors is that they will work themselves out of a job because of the hope that in a few years time Bank of Ireland will have repurchased all of its shares from the State and it will return to being a private company with no requirement for public interest directors when there is no public funding in the bank. I look forward to that day coming soon.