Mr. David Duffy:

As I explained earlier to Deputy Twomey, it is partly because we had to build a capability, deal with justice done, deal with the CCMA, code of conduct on mortgage arrears, and get our volume of discussion and negotiation with each customer done to assess where they were. We would expect this to be significantly ahead of a few hundred million euro in the next six months or so when we return to the committee. It is unfortunate that these letters had to go out in this quarter as it causes such angst, but that is the process of how we were able to get to them. They will convert to solutions or a legal solution. If we get through all of these, the write-offs will happen. If half of that book turns out to be repossessions, there will be another chunk of write-offs associated with it. We will see significant amounts of capital being erased, which is money belonging to the taxpayers of Deputy Donnelly and his colleagues.