Mr. Cormac McCarthy:

I'm not sure that at the end of 2007 it was that high Deputy. I've seen a page in these documents that is an extract from a set of Ulster Bank Ireland accounts that actually, there were some errors in that 2007, which were subsequently corrected, so the loan-to-deposit ratio was closer to 130% to 140% at the time in reality. That deteriorated subsequently and did get to the order of the 200% level simply because of the stresses that happened in the liquidity markets. So Ulster Bank's loan-to-deposit ratio, in common with many others, deteriorated through the course of 2008 to the extent that it did reach levels close to 200% but that wasn't the case at the end of 2007.