Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Thank you, Chairman, and thank you to you both. Just two broad areas I want to just briefly touch upon, if I may, and the evidence document is BOI - B2, page 56, for the first area, and it's regarding exceptions to credit policy on lending. This is a document that we got back from the Bank of Ireland actually, looking at the period 2004 to 2008. The average exception rate for buy-to-let mortgages was 17%, almost one in five. And when we look at what went to NAMA from Bank of Ireland, 191 connections were transferred, and policy exceptions were identified in 73% of those connections. Mr Burrows, would you regard those exception rates as high?