Mr. Jim O'Keeffe:

I accept that point in terms of the potential sales and we called that out. However, in terms of our ongoing restructuring activity we brought the SME figure down from approximately €3.8 billion in 2014 to €800 million now. That has all been through restructuring.

In the opening section we mentioned that as we look at potential portfolio sales, our focus is around the investment classes that I mentioned earlier. They can often be an overhang on the businesses to which Senator O'Donnell has referred. There are instances of farming businesses and businesses that have taken on investment debt that completely overhangs the business. It is not the predominant issue for farming and SMEs.