Mr. Mark Bourke:

The Deputy is correct on the first point. When we provide for mortgages, it is across the full volume of mortgages on the basis of that peak to trough drop. If that improves - there has been an improvement in the market - we will have overprovided and it writes back. As long as the economy keeps getting better, one will get a better result on these provisions.

However, the second point does not necessarily follow. The fact that we have provided is the critical issue for us to be able to tackle borrowers in distress. If we have provided, then essentially we have the facility to restructure and in many cases write off the debt.