Mr. Brendan O'Connor:

One of the principal reasons is that we do not do short-term forbearance. We had quite a volume of cases existing on interest only, which was not a long-term sustainable solution, that we have taken off interest only. We have not renewed it because it is not a sustainable solution. We have reduced our interest-only book by a very significant portion and by more than anyone else in the market over that time. It was not a long-term solution.

When we have taken people off that, we have found that approximately two thirds can revert to capital and interest and one third cannot. Then we have to go through the process of engagement and working through it with them.