Mr. Ed Farrell:

The difference in those figures is attributable to our having built up reserves of €2 billion. We have €2 billion in retained surpluses built up as our capital so we have 15% or 16% in overall capital. It needs to be 10% under Central Bank rules but we actually have 15% or 16%. We have plenty of cushioning or buffering. Even if one of the loans did go wrong, there would be plenty of cushioning, although we do not see it as something that could go wrong given the current design determining how the social housing model works.