Mr. Ger Mitchell:

From an almost standing start at the beginning of 2013 we re-entered the mortgage and lending market last year. We lent €67 million in 2012 and the figure for mortgages was €207 million last year, which was a 3.5-fold increase in new lending business.

In tandem with that, our consumer finance business increased by 71% in 2013. Moreover, we have started to recover a considerable amount of lost market share the previous four or five years had witnessed. At the end of 2012, we had less than 2% of market share and we finished last year with 8.3% of market share. I am pleased to state that in quarter 4, we accounted for 12% of all the new lending done in the Irish market last year. Thus far this year, as Mr. Masding noted in his opening remarks, we have lent more than €100 million in the first quarter. It is going very positively and we are seeing very strong growth in our new business pipeline.