Mr. Eamonn Crowley:

We have no transactions under way now, but we previously sold non-performing loan portfolios which were acquired by Pepper. The bank's non-performing loans, NPLs, stood at 30% four years ago. We had reached long-term arrangements with customers regarding a significant portion of those NPLs, but those loans continued to be classified as NPLs. As a bank, after interaction with all our stakeholders, we had a requirement to reduce those NPLs. I reiterate that it would be extremely difficult for us to have discussions with Ulster Bank today if we still had an NPL ratio of 30%.