Mr. Michael Lauhoff:

I took that figure from the ECB survey. There are other reasons. That is why we are trying to work with customers to understand exactly what their requirements are and how we can provide the funding.

Rates of up to 15% were mentioned. In general, our highest overdraft rate for businesses is just over 8% and it then depends on the size and scale of the business. Overdraft usage has continually declined in recent years. At this point, the percentage of overall overdraft usage is in the low twenties. Among our SME customers as a general base, we see the cash generating ability of the businesses as very high. When we look at credit balances, cash reserves and overdraft utilisation, they all point to significant reserves being built up by businesses and the use of some of these reserves for future investment. We do not think this is the best way to fund future investment and it should be a mix of reserves and bank debt to ensure the long-term sustainability of the business, but overdraft utilisation has continually decreased since the financial crisis.