Gerry Horkan (Fianna Fail) | Oireachtas source

I thank Mr. McLoughlin for that. I was a local authority member for 12 and a half years in the Stillorgan area and my branch is in Belfield, which became Montrose. Cherrywood is an area with which I am very familiar. My view is that the supply of affordable houses for younger people in those areas is crucial. There are an awful lot of Bank of Ireland people living in my area and the supply is not there but the demand is. It needs to be done.

Deputy Michael McGrath alluded to cash-back earlier. Does Mr. McLoughlin see cash-back as a very important part of what Bank of Ireland offers and is it something it is not going to change? Some people would argue that it is a gimmick which makes it harder to compare one product with another. Is it a very important part of the bank's model that it will want to keep for evermore or is it something the bank could live without?