Mr. Seamus Boland:

I will let Mr. Bergmann take some of that question. I note the point about Ballyhaunis. I want to quote Professor Patrick Honohan, who is not exactly the wildest left of centre person in our society. Speaking at an overview of the banking sector in 2014, he said there should be a second tier of banking geared more towards local concerns with local managers and a greater level of local awareness. We proposed the midlands because that was where our resources allowed us to do an exploration. As Mr. Bergmann said, it is quite a disadvantaged area. We argue that the ten areas could be looked at. I might let Mr. Bergmann deal with the question of how quickly this can be done. This is a very detailed prospectus and the documentation can be made available to the committee if it wishes. This is not a back-of-the-cigarette-packet proposal; there are 102 pages of documentation.