Mr. Ken Burke:

In tandem with the launch of the €350 million property fund, we put three new business teams on the pitch throughout the country, namely, a Dublin and east team, a Cork and south team and a west of Ireland team. These are teams of relationship managers who have no other portfolio responsibilities but to respond quickly to new business requests. Much of the pipeline they built in the early days was with customers of other banks, including exiting banks. We have ring-fenced our property capability with specialist relationship managers and credit professionals who partner stakeholders such as Property Industry Ireland, PII, and the Construction Industry Federation, CIF, to ensure we can respond quickly. We are playing one part in unlocking the jigsaw, which is the financing and funding part, but other parts also need to fall into place.