Mr. David Duffy:

It is extraordinarily high relative to ten or 15 years of boom. If one was to take a mature and conservative view, one would be talking about that figure. When we look at our funding rates - at what we can borrow in the market - we see that the sovereign for 15 years is at a rate of 2.5%. We are not borrowing at ECB rates but at these rates. We have to add the cost of risk and running the bank.