Mr. Shane O'Sullivan:

I will take that question. When we started the journey of debt resolution and our strategy, we saw the split mortgage as a fundamentally very good proposition for both the lender and the borrower. That was our intent from the beginning. It is a resolution that is quite costly from a bank's perspective but it is fundamentally one that we think can help customers who have struggled in recent years. With that in mind, the Chairman can note from the template we provided that we have offered approximately 4,000 split mortgages to date. The template by its nature - the MART methodology - focuses on late arrears. I am pleased to confirm that, outside of that cluster of customers, we have offered a further 3,000 split mortgages. In total, Permanent TSB has offered 7,000 split mortgages to our customers.

On the Chairman's second question, we do not look at our resolution strategy from a positive or a negative equity perspective. The reality is that we are focused on affordability and sustainability. When we look at a case to see what we can do, certainty is uppermost in our mind. We are looking for a solution or a pathway that can give us comfort that the principal outstanding is repaid at the end of the term, or the extended term, and that there is affordability month by month from here to there. It is really as simple as that in terms of our assessment and the negative-positive equity is not a direct factor in that.