Mr. Jim O'Keeffe:

On each of the other occasions we appeared before this committee, we provided statistics on the set up in that regard. On the most recent occasion, we spoke about 900 homes being in the bank's possession and that we were working through those with the Housing Agency at that point. Obviously, there is movement in and out in terms of that number as we go through the process. It has come down slightly but we have made significant progress with regard to the initiative with the Housing Agency. We are moving properties into the market on an ongoing basis in terms of sales. In the context of the Housing Agency initiative, we are hoping to agree on somewhere in the region of 250 properties. We have finalised contracts for 246 properties and we expect to close out on around 260 properties with the Housing Agency. As I said on the previous occasion on which we met this committee, that initiative was launched on the basis of a fund of approximately €70 million through the Housing Agency. It was done across all of the financial institutions but we would expect that our close out on that will be north of €50 million. That figure is evidence that we have really embraced that initiative. In addition to that, in recent weeks we have re-engaged with the Housing Agency and provided a further list of over 250 houses and an additional list of 150 will go to the agency in the next week or two.