Mr. Fergus Murphy:

They started from zero and they would have built a portfolio of commercial real estate and land and development finance to the level of €1.7 billion through the period from '01 through to '07. The society felt that they were under a lot of pressure and that their backs were to the wall in terms of the ability of the organisation to sustain itself, were they still relevant. There was huge compound growth, to our earlier conversation in relation to Irish banking. You also had one of the other building societies, the only other building society, probably a bit of a beta stock on what the banks were doing in terms of growth.