Mr. Jeremy Masding:

I consider two to three years reasonable unless opportunities arise for us to decrease the proportion of NPLs more quickly. All of the indications are that we are nearer the end than the beginning of a positive economic cycle. I do not wish to be in a situation whereby the bank balance sheet is stressed and exposed to economic shocks. I agree with the Deputy's summary, but add the caveat that, as opportunities arise, we will attempt to manage it that way.