Gerry Horkan (Fianna Fail) | Oireachtas source

That is a fair assessment of how this committee would much prefer all the banks to be dealing with people and not through transfers to ultra funds or whatever one wants to call them. To be fair, AIB has made great progress in getting from €31 billion in 2013 to €6.1 billion at the end of 2018, as Dr. Hunt outlined. I ask Dr. Hunt to contradict me if this is not the case but the €6.1 billion that is left must be the most difficult of the €31 billion that was there at the end of 2013. The low-hanging fruit of loans that were relatively easy to restructure have already been dealt with. I acknowledge that many of those loans were restructured and 93% of them had reason to be restructured. It is surely reasonable for the committee to surmise that the €6.1 billion after the recent reduction of €1 billion must be the hardcore, long-term non-performing stuff. If it has not been resolved by now and the bank is under pressure from the ECB and the Single Supervisory Mechanism, SSM, as has been acknowledged, to reduce levels to European norms - whether that is 3.5% or 5% or whatever - what other methods can be used to reduce the really hardcore debt in time to get to where the bank wants to be?