Dr. Colin Hunt:

I will hand over to Mr. Kinsella in a minute. We are very conscious of our standing and role as the largest provider of mortgages to Irish consumers. We keep our product offering and pricing under constant review. We have had a very attractive standard variable rate product in recent years but we monitor market developments. It is clear that an increasing number of current and potential customers are interested in having more competitive fixed rate offerings. The action we announced earlier this week was simply a move to enhance the quality and range of our products in order to ensure we continue to be an attractive and well priced provider of mortgages to our customers.