Deleveraging at individual banks is a critical part of the necessary restructuring process. By the end of 2013 the core components of the banks will focus on supporting the Irish economy. In the meantime, assets for disposal and deleveraging will be managed though non-core divisions. We have ensured that capital is set aside to support this deleveraging process.
Indeed, the evolution of invoicing practices will be slow and will depend among others on the usual practices in the field of price setting on the international markets and in particular on the commodities and on the oil markets.