Mr. Richie Boucher:

Obviously, Bank of Ireland is a public company and we are in the market. The market looks at our challenged loans on the basis of whether arrears are going up or down, whether new customers are coming into that category, the provision coverage against those defaulted loans and the percentage of sticking where we restructure. The 86% is a position about which we stand in the market. The market makes a judgment as to whether our restructuring is sustainable. I concur with the Deputy that restructuring for the sake of restructuring does not do anything for us or for the customer. We seek to restructure and the market will continue to review the adequacy of our provisions when reporting on our defaulted loans because there is no point in reporting defaulted loans coming down if one restructures then. I agree with the Deputy.