Mr. Wim Verbraeken:

We have not sold any mortgage loans so that is purely hypothetical. My answer was clear. We believe they need to be paid in full, but we take hardship circumstances into account and look at each loan on a case-by-case basis. Through the pick-up in the economy, we have seen customers gradually being better able to service their mortgages.

Loans in our distressed portfolio have been restructured and customers facilitated through reduced interest, interest-only repayments and term extensions. Up to 30 resolution options are available. There is an option to fit the majority of customers either immediately or once they have sorted out any unsecured debt issues. I wish to be clear that the bank has not engaged in loan settlement discussions on an individual basis and it is not our policy to so do.