Mr. Liam McLoughlin:

We agree with the Chairman's comments. As I said before, the Bank of Ireland has doubled its funding for residential development. We are keen to support various initiatives in that space. My colleagues in corporate and business banking are very supportive of that, and clearly we would like to see more happen on the supply side.

In terms of mortgages, it is in our vested interest to use the capital our shareholders have given us to make more mortgage lending available. There is no shortage of appetite by the bank or the board to make more mortgage lending available. The biggest issue we see at the moment is an insufficient housing supply to deal with the appetite for mortgages, particularly by first-time buyers.