Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you very much, Senator Barrett. Mr. Moran, if we might just stay with you for a moment, I just want to deal with one question and then I'll bring in the other questioners now that the leads have completed. Mr. Moran, in June 2008 Anglo prepared a financial projections for the 2008 to 2012 period. This is less than, what, four or five months before the guarantee and just about six months out from nationalisation, one of which was an "extreme stress case". Under this scenario, loan loss provisions were estimated at 1.2%. That's up on the screen there at the moment.

You see it there, I think it's the second last column on the page. And so loan loss provisions were estimated at 1.2% of the portfolio over the period of 2009 to 2012. It's in your document books there - if you just want to reference the book rather than look at the screen, it's in Vol. 2. I think it's page 33.