Peter Mathews (Dublin South, Fine Gael) | Oireachtas source

Are there provisions against that? I apologise for having caught Dr. Somers off guard. The reason I ask is that I have a benchmark picture in my head that Certus, which is doing the loans work-out for the Lloyds Bank subsidiary, Bank of Scotland (Ireland), has, to date, written off €22 billion of the €40 billion where its loans peaked. That is colossal. The bank’s loans were in a sector that was predominantly property-based for property investment and development. AIB had a good helping of that type of loan portfolio as well. I would expect that loan provisions, cumulative to date, having got rid of all the NAMA stuff, should be probably at a level of approximately 15% for the remaining book. In the case of Bank of Ireland, it is under 7% at the moment, which is far too low.