Mr. Tim Molan:

To return to the figures, without any change in legislation, approximately 0.4% of credit union assets have been put into commercial lending. That equates to 1.3% of the current total loan book. Without any change, that can be increased to between 5% and 6%. That is more than a tenfold increase. We have to develop the skill sets, and as my two colleagues have mentioned, we have ideas and there is movement towards that area.

There are other areas we need to look at. All of the economy has not lifted at the same pace. We need to look at the area of microlending. That is pertinent to smaller industries and to credit unions' capacity to get into that area. There is a lot that can be done. I would ask the Government, the Department of Finance and our European partners to have more regard for credit unions where social lending schemes are concerned. A lot of good was done by the enterprise boards. We should consider the issue of the sustainability of new enterprises. If one looks at the top reasons for new enterprises to fail within their first five years, one sees that they run out of cash, they do not have the right team or they lack mentoring. My colleague from the Sparkassen foundation notes that it is about more than just money. A bit more imagination is needed, not only in arranging how the money is given out, but in ensuring that the relationship with the borrower becomes more meaningful as time goes on.