From the beginning it has been clear that the constraints faced by each API pillar are different, however in general, I am pleased to see that API program development has progressed according to plan and the banking industry is showing numerous signs of seriousness in supporting our reinforcement efforts. Let me briefly outline several of the most prominent achievements related to API.
Banking consolidation, which began since the launch of Pillar I of API, has reached its final stage of preparation, the stage where some banks have determined their strategic future direction. As we are all aware, 2008 is the year when all commercial banks must maintain a minimum capital requirement of Rp80 billion to uphold its status as a fully-operational commercial bank.