Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Depending on the final price achieved for the portfolio, the bank could be releasing a very significant profit back into its income statement, perhaps in the order of hundreds of millions of euro, or perhaps €1 billion, depending on the extent of the discount at which the portfolio is finally sold. That is quite an attractive proposition for the bank which will make a hefty profit having provided for the losses. If it sells for much less, it will be releasing a very healthy profit back into-----