Mr. Jeremy Masding:

There are probably three elements to my answer. First, the bank has had a track record in recent years of, within the boundaries on it, delivering attractive pricing, including reductions in its standard variable rate, SVR, its tracker mover products, and the introduction of the managed variable rate suite. For that suite, there is a correlation between front book and back book pricing. We have a track record of listening to stakeholders, including the committee. The second thing I would say is that, within the constraints on me, I keep pricing under constant review. I hear the Deputy's points and we will continue to review our pricing. That is a commitment from me to the Deputy. Third, as I have mentioned before, it is not just the cost of funds that goes into the pricing model. There is also a cost of operations which, in banking, has increased in recent years. This is due, in particular, to the fixed cost base. There is the cost of risk and we have to take into account the past in our future cost of risk. Further, the cost of capital is high in Ireland because of that past. I would not want to argue with the Deputy about the cost of funds but the pricing of our mortgage has more than one dimension. In summary, I hear what the Deputy is saying and, as always, respect his position. I keep pricing under constant review, and perhaps the Deputy will give me the opportunity to continue to iterate the pricing as the bank's situation changes.

In terms of Deputy McGrath's first question, I am advised that the number of non-customers is 329.