Mr. Mark Bourke:

Our Irish portfolio of mortgages is €33 billion compared to an overall €67 billion. We are at the sub 50% level on Irish mortgages, but mortgages as a total when we take in everything is well over the 50% mark. It is simply a feature of working in a small economy that we will absolutely have concentration of risk, that is unavoidable unless one takes geography out of the equation for a retail bank.