Mr. Brendan McDonagh:

It is, Deputy. We are certainly funding some of our debtors and receivers to build houses on some of that land. As I said earlier, we have sold land in the past 18 months that could build 11,000 houses and only 900 houses and apartments have been built on that land to date. There are much deeper structural issues about why the private sector is not building on land. One of the misnomers about NAMA was that we hold all the land in the country. It is actually not true. When we acquired the portfolio in 2010, we only had control through debtors and receivers of 30% of the land in Dublin so the 70% is being held by others players.