Mr. John Trethowan:

We are only empowered to deal with the two pillar banks. We were set up under the National Asset Management Agency Act but, under NAMA, it is only AIB and Bank of Ireland that are lending to SMEs at the moment. I meet periodically with Ulster Bank and have dealings with it from time to time, although not formally. It means we are basically just overseeing the activities of the two banks. There are only three banks lending to SMEs in this market.