Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I have just a couple of points to make. I agree with Deputy McGrath, that we should have been provided with the figures in advance of the meeting. Most people at the meeting are discerning. AIB should have provided us with the figures. That is not good enough.

No reference was made in the presentation to the fact that the taxpayer has given the bank €20 billion to date and it has not seen a penny of it in return. In that context we need to speak in plain language. Reference was made to write-downs. I am not talking about provisions, I am talking about write-downs for individual mortgage holders. Could the witnesses provide the number of mortgages that have been written down in the past 12 months and the value of them? Could they also indicate how many write-downs date to the second quarter?

In terms of credit, reference was made to €14 billion being given out in loans. Are they new loans, restructured loans or a combination of the two? How much of the total is new lending and how much is the restructuring of existing lending? Could the witnesses provide a figure for the level of credit that was put into the real economy by AIB back in 2008 and how much AIB credit is now in the real economy? What has happened is that the credit of SMEs has been pulled back, loans are being repaid and overdraft facilities are being contracted. Ultimately, that means less credit in the economy. I accept that the bank might be providing credit in other areas.