Mr. Jim Brown:

Ulster Bank was part of the review that was instigated by Her Majesty's Treasury in the middle of last year, which looked at whether RBS as a whole should consider splitting itself into a good bank and a bad bank to deal with the remaining legacy issues. The conclusion of that review was that an internal bad bank would be set up. At the end of last year, Ulster Bank took some specific provisions to deal with that. At the same time, the commitment of RBS to Ulster Bank and the market here was very clear. That commitment was announced late last year and reiterated in February. We are now looking to work through how we can build on our challenger position in the market here in the Republic. We are looking at a number of options to that end. Our ultimate goal is to build a better bank for our customers. That is what we are doing. The commitment of RBS has been confirmed.