Mr. David Duffy:

Absolutely. I do not wish to be facetious, but I would say to Mr. Lorcan O'Connor that our objective is to make him redundant - not personally but in terms of his process. Lest anyone is confused, there is no doubt that entering into any situation where there is foreclosure or insolvency is a poor economic and practical outcome for both the bank and the customer.

Our objective is to avoid those circumstances wherever possible and to deal with each case individually according to the principle of affordability. In those circumstances, if it is not affordable we have made a number of what we term debt compromises. That is the honest and transparent answer to the question.