Mr. Liam McLoughlin:

That is very much reflective of the use of mobile tecnology and all of the other things, including the introduction and take-up of contactless transactions. That is very much the context in which it has occurred. If I look at the size of the branch network, we are in the business of examining customer needs and what is the demand for our services. This week alone I opened a new branch in Cherrywood in south Dublin where there are significant business opportunities and a significant personal customer base. In the past 18 months I have opened six new branches, including on Mainguard Street, Galway; in Ardkeen in Waterford. We open branches where there is a demand for them.