Mr. John Moran:

I would have to carry out an analysis but I can provide the Deputy with a broad sense of the number of transactions which took place that year. In that context, some 121 transactions accounted for the €3.6 billion. Of these, 39 involved amounts of less than €2 million so one would assume that they related to private individuals. A further 23 involved amounts of between €2 million and €4 million, so they probably also related to private individuals. Above that, some 20 involved amounts greater than €40 million and I would say 90% of these were probably syndicated transactions. Out of the total of 121, one could probably argue that 40 or 50 were syndicated transactions.