Mr. Peter Roebben:

We published a net profit after tax and impairments of €15 million in the first quarter of this year compared with €54 million last year. The main difference is that last year we had sold off €1.9 billion in loans, the bulk of which were corporate loans and the non-performing buy-to-let portfolio. Last year we were benefiting from the provision write-backs on that portfolio since it was improving. Those provision write-backs are no longer there. This year we are now a pure play little bank, with the exception of some €260 million of performing corporate loans that are in the process of being sold off in the current quarter. The business model has changed in that regard.