To the extent that AIB may not raise the full amount on its own, the Government has undertaken to meet any deficiency, through the conversion of its preference share stake and if needed with an additional equity injection, presumably using the resources of the National Pension Reserve Fund. Recapitalization and restructuring of the three smaller institutions is well under way also.
We have, for example, talked with 54 companies and business organisations throughout the country in the last few weeks, in preparation for our November Monetary Policy Statement. We get information from the non-executive Directors of the Bank itself, and from a large number of informal sources, such as letters, phone calls, and the meetings which I myself have throughout the country.