Mr. Brendan O'Connor:

Typically, we appoint a receiver to properties because we are not getting paid any rent. That is why we appoint the receivers. It is because the cashflow has been diverted somewhere else. I do not know the specifics of the case, but that is why we appoint receivers. I cannot see any circumstance - I would like to know the detail - where €400,000 would be the receivers' fees, but I can tell Deputy Walsh we have never paid a percentage in receivers' fees that even remotely approaches a number like that. Absolutely, we are willing to engage on the circumstances of the case.

Deputy Walsh asked about engagement with Government initiatives on arrears. We generally speak about it in the context of the Banking and Payments Federation Ireland, formerly known as the Irish Banking Federation, IBF. I have seen some suggestions that are out there. We have tried to be as constructive as possible. We will support, both in the spirit and in the letter, whatever initiatives issue. We deal with whatever legislation is in front of us and that is what we will do. I am in favour of anything that constructively helps to resolve the arrears issue. That is as blanket a response as I can give.

I think that is it.