Mr. Bernard Byrne:

In the past 12 months our big focus with the regulator has been on the restructuring of the capital position and the last return of capital to the State was €3.5 billion, from December last year to July this year.

The largest cheque we could give back to the State was around restructuring the capital. The only returns on capital we paid to the State were on that convertible debt instrument, which was about €280 million.