Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. When Brian Goggin, the former group chief executive of Bank of Ireland gave evidence before the committee, he said in relation to commercial property exposure, and I quote him: "€13 billion was in land and development and even again I think you'd need to look behind that, €5.4 billion of that €13 billion was in land bank. I think that is where the real problem was, in land bank." I want to refer you to page 16 of the PwC group audit findings report on 31 March 2008. This page is not in the core booklets, but it has been given to you and the reference number for the screen is PwC 00047-016. There is a brief mention of commercial property and land bank and I am going to quote that. It says: "BB UK [which is Business Banking UK] has exposure to some higher risk areas, such as land bank, commercial property and other less secure types of lending and as a result the risk of latent bad debt is on an upward curve." Can I ask you: did PwC observe a similar exposure with regard to the Irish operation of Bank of Ireland?