Mr. Jim Ryan:

Last year we lent €352 million to borrowers to buy new homes. That represented 14% of new business in the market last year. Our stock level, that is our share of the total number of mortgages, is 11%. We are lending over and above our stock level to meet the demands of buyers in the market and supply the necessary credit. That represented a 32% increase on the previous year, 2012, while the market last year contracted by 5%. Our doors are open for business but, I must emphasise, only on the right terms. We continue to approve eight out of ten mortgage applications in the market.