Mr. Ray MacSharry:

All of us together are working to make the bank a viable institution which serves the community in the public interest. We have taken numerous steps to bring that about including selling Irish Life & Permanent, which earned the group €1.3 billion, and reducing payments to second-tier bondholders, which raised €1.2 billion. We will continue to do our utmost to ensure the bank deleverages non-core assets and to ensure that we return to the basic banking function of offering one rate of interest on deposits and making a margin by lending for mortgages, personal loans and credit cards at higher rates.