Mr. Jeremy Masding:

The increase has only gone in recently and the letters have only just been issued. If the Senator is asking me if I would expect to lose some customers then I would say that every customer has a choice, particularly with regard to current accounts where the market for switching has started to come alive again. This development has in fact been led by Permanent TSB with the introduction of our Explore account. Customers have the choice to look around of course, which is a good thing. Competition is a good thing. I am sure we will lose some customers but what I am trying to do at the end of the day is to build a sustainable business for Ireland.