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

With regard to the share price and the State's shareholding in the bank, the price was €4.40 at the time of the initial public offering, IPO, in June 2017. It is currently trading at about €4.10. There seems to be a drag on bank share prices generally across Europe. Market capitalisation is €11.1 billion and, as Dr. Hunt pointed out, 71% of that is about €8 billion. From the point of view of the operation of the bank and the direction Dr. Hunt would like to see the bank travel over time, is it his expectation and wish that the State shareholding would be reduced incrementally to the point where the bank would be returned completely to the private market and private ownership?