Mr. Richie Boucher:

A split-interest mortgage provides a moratorium on capital repayments. From our perspective, a restructured and modified mortgage can only be done on the basis the customer is able to meet the full interest payments. The majority of our customers who have arrears or difficulties can have their mortgages restructured. A significant issue we face in working with our customers to restructure their mortgages is the extent of unsecured debt outside of the mortgage that was provided by the bank or others. Bank of Ireland’s primary focus is on the mortgage repayments.