Mr. Des Carville:

I thank the Deputy. Thinking back to almost 11 years ago, in November and December 2013, when we were coming towards the end of our bailout, we were meeting with, and presenting on behalf of the Department of Finance to, the troika about NAMA and the eventual outcome. At that point, we thought NAMA would break even or perhaps do a little bit better than that. The people on the other side of the table disagreed with me and believed NAMA would cost the State €10 billion in the context of the loans and bonds that had been guaranteed by the State. In fact, NAMA is going to make a lifetime surplus of €5.2 billion. That includes €400 million in corporation tax. It is a pretty good outcome when I think back to where we were, what the agency has had to do and the ultimate outcome.