Mr. Bernard Byrne:

We will change speakers to answer these questions. On the first point on drawn balances versus sanctions, we made a comment earlier which the Deputy might have missed but I will repeat. The way to look at this depends on the size of the facility being sought. In general, for those seeking small facilities, and as I said, the average facility being sold is less than €30,000, the drawn balance would be quite high. In terms of the example we gave, we have an under €25,000 initiative. In respect of that initiative the drawn balance was 95% of the sanctioned balance. For small businesses, therefore, it tends to match quite closely because people are reasonably specific in their requirement and then we can fund. As we move up the spectrum we tend to find that people put in more surplus capacity and therefore the level of drawn balance would be lower. For example, the average for overdrafts is approximately 60% in terms of the drawn balance piece. It is a big number, and it tends to weight the number. I would say the average is probably closer to 60% but the smaller the facility, the more likely it is to be between 90% and 100% drawn because it will probably match the exact requirement of the business. That is one of the ways we look at it. Larger organisations will tend to put in more capacity because there can be more variability depending on their business.

On the Credit Review Office, in total, since the Credit Review Office has been in place, and I said earlier we believe it is a very good initiative because it gives people the confidence that there is some other mechanism outside the banks to examine this credit, we have had 90 overturns. In that same period we have had 140,000 applications for SME credit, and our approval rate is 92%. It is less than 0.1% in terms of where that has gone. I do not know the statistic. I will have to find it in terms of how that has performed subsequently. I do not know the statistic and I will not make it up for the Deputy. We can come back and look at that. I do not know if Mr. Burke has any comment on that.