Mr. Myles O'Grady:

It is true to say the impaired loans have increased in absolute terms. If we trend back over a period, we see the pace of increase is slowing. That is an important point to make because it suggests we will quite soon get to a point where the absolute level of impaired loans will be known. That is the quantum the bank must deal with. I take comfort from the fact that the pace of increase is slowing.