Mr. Stephen Bell:

Given that they have not engaged, it is difficult for us to tell because we do not have the benefit of the full information. The significant majority of our customers have a home loan balance that is considerably less than €200,000. Even at the standard variable rate, the capital and interest repayment would be well within the affordability of somebody who has an income of €35,000, based on tax deductions, etc. In many counties and for the vast majority of people, social housing eligibility is within the €30,000 to €35,000 range, although it is less in certain parts of the country. We thought it was an effective commitment to make because above the levels that would typically qualify a person for social housing, it provides the kind of income that would allow a person to service a restructured loan.