Brian Lenihan Jnr (Dublin West, Fianna Fail)

As the answer makes clear, in December AIB received a net capital injection of €3.7 billion from the National Pensions Reserve Fund as part of its revised capital requirement of €9.8 billion, which must be raised by the end of February 2011. That is part of the revised capital requirement. The €3.7 billion was in any event a requirement since last March under the original requirement set by the regulator. Under the higher capital ratio now set in the EU-IMF-ECB agreement, the revised figure is €9.8 billion, of which €3.7 billion from the National Pensions Reserve Fund is part. The remaining €6.1 billion capital requirement, the difference between €3.7 billion and €9.8 billion, which will be outstanding until February, is expected to be met through a combination of fresh capital from the State; the execution of liability management exercises for existing subordinated bond holders and other capital generative measures that bank has ongoing.

I am trying to deal with all of the Deputy's questions.

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