Peter Mathews (Dublin South, Independent)
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Last week we heard there are interbank protocols for addressing issues. Are there interbank protocols on fractional reserve banking? Mr. Byrne mentioned the bank is at a 100% loan-to-deposit ratio, which means either deposits have increased or loans have decreased. We know loans have decreased because in 2008 the figure on the loan book was €134 billion and it has decreased to approximately €90 billion, minus €18 billion provisions, which makes it approximately €78 billion. This is the contraction in the overall economy about which Mr. Byrne spoke. It is similar for the other bank. Keep up the clearing up of loans and the contract up-front for survival frameworks for borrowers.