Mr. Brendan McDonagh:

The board has allocated €100 million across the whole portfolio to remedy problems in the portfolio we had acquired. There are about 300 apartments in the Longboat Quay development. The receiver appointed by NAMA only has 18 of those. The rest are all owned by the Dublin Docklands Development Authority, DDDA, and the private sector. We have been working actively with the receiver, DDDA and Dublin City Council to try to come to a resolution. A resolution has to be found because the people living there are deeply affected by these problems. Nobody should be put at risk in this day and age in my view. I am hopeful that the DDDA, Dublin City Council and the receiver will work towards achieving a satisfactory resolution before the dire situation of evacuation has to occur. We must also be respectful of the fire officer. He has his job to do and he does not want to put people at risk. I am sure everybody is working to get a solution to this very difficult situation. As I said to Deputy O'Donovan, this situation unfortunately does not only apply to this particular development. It is quite common, particularly in apartment blocks that were built during the boom, long before NAMA existed. It affects not just NAMA assets, but also other banks' assets.