Paul Murphy (Dublin South West, Anti-Austerity Alliance)
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I thank Mr. Masding for his presentation. Question No. 3 on page 15 relates to the €4 billion bailout for PTSB.

The question is about how much has been repaid and how much will be repaid. When one adds everything together, which includes the deposit guarantee scheme, effectively the witness is saying the bank has repaid €2.6 billion of the €4 billion bailout. However, question No. 17 on page 18 deals with the amount of the money that has gone from the State to Permanent TSB in that period of time via the redemption of National Asset Management Agency, NAMA, bonds and interest. The total is €2.548 billion, plus €200 million interest. When one balances them out over that period of time there has been a further net payment from the State of €148 million, via NAMA, to the bank, rather than money coming back the other way.