Ms Dara Deering:

We keep our offering under ongoing review. Our strategy has been very consistent for the past two years. We do not just have a fixed-rate offering; we ensure we are competitive across variable and fixed. Based on feedback from customers, we did not introduce cashback offerings because customers said they wanted to see long-term value, hence the ten-year rate we introduced last year. We believe KBC's basket of offerings represents very good value for people on the shorter-term or indeed longer-term fixed rates. Thirty per cent of our customers choose a ten-year fixed-rate product, given the competitiveness of that product offering.