How is Parex approaching commercial lending?
We’re really focused on, and we see a lot of our future tied to, small and medium enterprise lending, which is a segment where we can get funding from a number of commercial banks and a number of international financial institutions, like the European Investment Bank, the EBRD and others, so we see this segment as one where we would resume lending in the second quarter. We’re close to negotiating credit lines which Parex could issue to these segments, using funds from these banks. Can you say if loan volumes are decreasing? Currently we’re not doing any lending; we still have restrictions on lending from the regulators, with the exception of credit cards and some existing loan restructuring. We haven’t been out lending a great deal. Also, the risks have been quite high over the last year. Especially if you need collateral for any of these loans, because there’s no real estate market, effectively, it’s impossible to value real estate, even though that situation’s improving. What we will
