Mr. Brendan McDonagh:

The pillar banks are more back in business for such matters but most of these are smaller investment funds which set up vehicles for refinancing. They might have €200 million each. There are approximately ten in the market at present which are helping debtors to refinance, not just ex-NAMA debtors but debtors attached to small and medium enterprises, SMEs, who were funded through the pillar banks. They fund these people to refinance their loans.