Mr. Jim O'Keeffe:

Again it is probably difficult and dangerous for me to generalise but, with regard to the farming sector, we have taken a very proactive and engaging role in making sure we can sustain farms, including family farms, where we can.

When we consider the matter, there are options. When we consider the value of the property, we obviously have discussions with the farmer and ask whether there are holdings within the overall holding that may be suitable for sell-down to allow the overall piece to be sustainable afterwards. The key point is that we use the word "compromise" when we talk about debt write-down because there has to be compromise on both sides. Ultimately, it is taxpayers' money we are using to right-size these loans. We will compromise on the debt but we have to see something coming forward on the other side also in the majority of cases.