Mr. Richie Boucher:

We have no plans to do so but I cannot rule it out in the future. It is determined by the cost of the raw materials - money - to us.

I would be very disappointed if we gave the impression that our primary focus in restructuring mortgages is to move customers out of their homes. Our primary focus is to maintain them in their homes as it is in their interest and commercially sensible for us. The mortgage solutions we provide to our customers are primarily designed to maintain them in their homes. In particular, we look at the level of sustainability of the debt. We have invested much time, effort and money in getting external advice to look at solutions which are commercially sensible for us and our customers. The evidence of our focus on keeping people in their homes is the 16,000 mortgages we have restructured and modified, of which 86% are meeting the full terms of their revised arrangements.

We continue to look at a range of other solutions available to us. We are required by the Central Bank to have a long process of engagement and go through various phases of pilots. We have piloted several solutions. Based on our evidence, what we believe can work for our customers and what is commercially sensible, we will be rolling out several of these schemes over the next several months.