Brian Hayes (Dublin South West, Fine Gael)

I note that Deputy Michael McGrath referred to information that was put out there by the chairman at the time, and that is the bank's view. Here again, this will depend on the functioning property market. As the Deputy will be aware, much of the assets involved were purchases here in Ireland, but also in the United Kingdom. As they are sold over a period of time, and as that is reflected in the ultimate price, we will get a better knowledge of this. Deputy Michael McGrath wants me to commit to what the chairman said and I am not in a position to do that.

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