Mr. Jeremy Masding:

I thank the Deputy. He made two points. In terms of his general comments, of course I understand the feelings of the customers he mentioned. In this particular case, as we have discussed, and in my previous appearances before the committee, post-Glas Permanent TSB's non-performing ratio, NPR, is 16% and since we last met the European average has been recalibrated at 3.5%, so it is important both for our ability to withstand future economic shocks and our ability to compete in the retail and SME market that we manage down the NPR.

In terms of this transaction, as I mentioned in my opening remarks, the bank believes that this is the right outcome for customers in terms of them maintaining their treatments. It is the right outcome for the bank in terms of reducing its NPR, and we think it is the right outcome for Ireland plc, because it enables Permanent TSB to continue to compete.

Could the Deputy please rephrase the specifics of his second question so that I can answer it?