Mr. Wim Verbraeken:

The bank was sanctioned by the Central Bank. We are under a settlement agreement with the Central Bank so we are precluded from providing specific information around the cases. I can assure the Deputy that no improper lending took place to individuals or to companies. The breaches of the related party lending code to which the Deputy referred related to and included companies that were associated with the KBC Group. We would see these breaches primarily as technical breaches of the code. No customers of the bank were disadvantaged. There was absolutely no beneficial impact of favourable terms that the bank granted to the related parties identified. However, it is true that the bank failed to adhere to the letter of the code and we have since addressed this through the arrangement of much stronger procedures throughout the bank at various instances of the bank dealing with related parties.