Mr. Shane O'Sullivan:

Yes, it is. In terms of the stock that we currently have, our intention is that that figure will halve by year end. We will have a stock of approximately 600 properties at year end, and we will continue to reduce that figure. Earlier, the Deputy mentioned a figure of 2,000, which is correct but it is important to remember that it goes up as well as down. It is not just a case of managing it down as new properties come into that stock. Our commitment is to reduce that figure to 600 by year end. Of the properties mentioned, almost 300 are at sale agreed such that the figure of 1,250 will reduce by 300 fairly quickly. We are actively selling an additional 200 properties.

In regard to mortgage-to-rent, we are a big fan of this scheme. We wish we could do more with it, as do most of the participants in the scheme.

At this stage we have approximately 23 properties, which have been successfully through the mortgage-to-rent process. We have an additional 40 properties lined up behind that. That is a good outcome for the borrowers and the bank. In addition, we have another 150 to 200 customers engaged in the process.