Mr. David Duffy:

That is fair. According to the comment that we have made and the ongoing discussion with the board, we do not believe that question can be answered today. The economy's recovery is in its early stages and we still carry a large number of non-performing loans. We have articulated our view to the board that we should see a further 12 months of the full execution of the plan in trends every quarter before beginning to estimate the value. We look to the best-in-class performance and what our peers are doing across Europe and are setting our targets accordingly. We ask whether we can compete in the top quartile and try to do that. We consider our arrears, provisions and all of the other elements of the balance sheet and try to form a view of what we believe the value will be. It has not been determined yet.