Mr. David Duffy:

We serviced the assets we transferred to NAMA. There are approximately 300 people in the organisation in our financial solutions group dedicated to the servicing of the NAMA assets. Those are the exact numbers and there is between ten and 12 basis points as a fee. That is the structure and the answer to that question.

A prediction was sought on the economy. Mr. Fergus Murphy has done an outstanding job on that so far. We see more pain to come in the domestic economy for a period. This is the natural by-product of people de-leveraging their consumer spending and this follows through to the domestic SMEs. This is why we are so focused on supporting those SMEs and restructuring those debts. We are seeing positive signs in the agri-economy, where there is strong growth. There is strong growth in the foreign direct investment universe including the employment aspect. The average unemployment rates are beginning to stabilise and we are seeing pockets of positivity in the domestic real estate market. Some of this is related to particular types of housing which have limited supply but some of it is linked to people believing that we are at or close to a bottom in terms of the housing market as well. These are our observations at this stage.