David Cullinane (Waterford, Sinn Fein) | Oireachtas source

Go raibh maith agat. I welcome Mr. McDonagh, Mr. Daly and the other witnesses to the meeting. I wish to focus on a number of different topics.

Notwithstanding the interesting anecdotes of meetings with the troika and Ministers for Finance, I want to first get some context on the performance of NAMA. I have no doubt a lot of good work was done and a lot of good decisions, it seems, were made. Other decisions were questionable and we have scrutinised them in the past, although I will not go back on any of that. I want to put a question to the Comptroller and Auditor General on the overall context and the macro figures as to how much the State put into the banks in terms of the par value of these loans vis-à-viswhat NAMA got back. What was the overall contribution by the State and how much did NAMA recover? What was the loss, to use that word, given the word "profit" was used a number of times in Mr. McDonagh's opening statement? Before we start talking about profit, we have to put the context out there. Perhaps the Comptroller and Auditor General can do that for us.