Mr. Padraic Kissane:

Absolutely. To return to the question of why the banks are fighting, it is down to money. One can dress it up any way one wishes, but I can give an example. Where there is a €300,000 loan over 25 years at 3.25%, the total interest charged for the 25 years is €138,584. The total interest charged for the same mortgage at 1.1% is €43,274. That is the reason.