Peter Mathews (Dublin South, Independent) | Oireachtas source

I know that. I do not want to get held up with this. There has also been mention of shareholders, so let me give an example. In July 2011, some 35% of the bank was sold to new capital, with an inflow to the bank of €1.1 billion. This came from Mr. Wilbur Ross and Mr. Prem Watsa, a director in the bank. They bought 35% for €1.1 billion, with a cost of 1% of the bank at €31 million. Some 6.4% of the bank, which cost €201 million, was sold for €690 million, with profit of €489 million. They still hold 12.8% of the bank, which cost €402 million, with a market value of €1.38 billion, leaving a valuation uplift of €978 million. The delegation told us a few minutes ago that customers have €2.4 billion of negative equity, with the bank responsible for at least 75% of that.