Catherine Connolly (Galway West, Independent) | Oireachtas source

Mr. Reid never discussed it with NAMA. There was just one other little thing I wanted to come back on. Just to put it in perspective again, which I did on the last occasion, the par value of these loans was £4.6 billion. It was reduced to £2.2 billion, so there was a major loss on that. It was then reduced to £1.3 billion or thereabouts. That represented only 3% of NAMA's portfolio. Is that right? We are here on behalf of the taxpayer. They are huge figures even though they only represent 3% of the overall NAMA portfolio. Is the figure of 3% correct?