Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I hear what Mr. Masding says and accept that his bank is in a different position from some of the others in that it is still losing money and must become profitable. However, it also has to compete, which is the nature of the market. A young person or couple seeking to buy a home by taking out a mortgage will look for the best rate. If the bank wants to increase its share of the mortgage market for new entrants, it will have to move.