Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you, Mr. Masding. I propose to take the first group of questions in 15 minute slots and then move on ten minute slots, and I would hope to conclude by 1 p.m. or even earlier than that.

I thank Mr. Masding for coming before the committee and for the information he provided to us. I will begin by delving into some of that. It appears that Permanent TSB has probably the highest percentages of split mortgages as a resolution that is offered in comparison with the other banks. Can Mr. Masding explain how the bank is probably the greatest provider of split mortgages? Is the bank providing split mortgages to people in positive equity as well as to people in negative equity?