Mr. Fergus Murphy:

I do not agree with that. The tracker and SVR books are not subsidising each other. They sit alongside each other in the balance sheet and are both loss-making. Our SVR, at 4%, is still by far the lowest in the Irish marketplace; that is an important point to make. The tracker book is terminally loss-making. It was a very bad product brought out by Irish and UK banks at a point in time when the world was a very different place. Clearly, AIB and EBS are honouring their commitments, as they must and should, in respect of tracker mortgages. However, we do not look at one book subsidising another.