Mr. Stephen Groarke:

This was the response in trying to work with the customer. In some ways, it reflects the levels to which we were willing to go. It would be, I suggest, highly unusual in any jurisdiction to have splits in the first instance. As a jurisdiction, Ireland probably has the highest level of split mortgages as a response to this type of crisis. Within Ireland we have gone to greater lengths in terms of the amount of debt that we warehouse. In the context of warehousing up to 80%, this means that we have actually taken 80% of the repayment off the table until the maturity of the mortgage in order to allow the customer to remain in his or her home. This represents the lengths to which we were willing to go to work with the customer. In comparison with other jurisdictions, including the UK, the US or continental Europe, this level of forbearance would be unheard of.