Mr. Alan Dukes:

I cannot forecast how much litigation will be in the pipeline. I referred to a major piece of litigation the bank is taking, which is back in court tomorrow, but I am not sure we will see the end of that any time soon. As far as our NAMA operation is concerned, there are approximately 170 people directly employed and probably another 70 or so equivalents, indirectly, in support of those. We reckon there are effectively 230 full-time people in the bank working on the NAMA portfolio.

As we have gone through the process, NAMA has gradually delegated more and more of the decision making regarding that bloc of loans to our dedicated NAMA unit. We are remunerated up to a maximum of ten basis points on the total gross quantum of loans.