Mr. Brendan McDonagh:

The books of IBRC at the time of liquidation empowered debt terms was €20 billion commercial loans and €1.8 billion of residential loans. As members will have seen from the liquidator's statement last week, he was successful in selling just over €2 billion worth of loans in the evergreen book which is the commercial trading businesses. He said there is only likely to be three individual debtor loans which he would possibly transfer to NAMA out of that book, which total about €500 million empowered debt terms.