Mr. Ross Maguire:

AIB appears to be stating that just because it issues proceedings and the case enters the list, it does not necessarily mean it will not do a deal. The bank states it is using it as a mechanism to force borrower interaction. However, the problem then is that the bank will then extract from the borrower an amount that will leave the borrower unable to pay any other debts, as well as living on minimum guidelines plus a little bit. It is a policy decision made by the bank to ramp up the thing. Then of course it indicates that it carries out what look like huge debt write-downs. It is a kind of carrot-and-stick approach that I imagine it is applying. However, AIB is highly aggressive; it is the most aggressive of them.