Mr. Richie Boucher:

However, if I say that at the end of December we had 4,780 customers moved out of restructures, as we set out on the slides, in an effort to be helpful, in the vast majority of those cases the customer is now in a position where they are on an acceptable repayment basis that they can live with and we can live with. They have moved out of restructures.

The Bank of Ireland restructures do work. We look at the profile of our book and where we are in this process. We are not perfect. We are continuing to learn. We are continuing to do it. We get significant advice and help from third parties. Mr. Mason is continuing to learn but if we come to the proof of the pudding, are our restructures sticking and as people exit from the restructuring? If we look at where we are in Bank of Ireland, and I suspect for the industry as a whole, I cannot absolutely predict how many of those restructures there will be because it will come over time.

In our accounts at the end of June, the Central Bank required us to remove assumptions we had made on cure rates so we took a charge, through our profit and loss, for a change to our provision stock. That has already happened. We believe that cure rates will come in line with our expectations but we have taken provisional charge against that already.