Mr. Ian Black:

The pay model is similar to that of the NTMA. They are, therefore, individually negotiated contracts. Every employee has a contract with the NMTA. The remuneration is a fixed basic salary and there is a possibility of performance-related pay.

Performance is the word and it depends on the economic environment. Given the economic environment we have experienced over the past 12 months, no performance-related pay has been awarded in the Strategic Banking Corporation of Ireland, SBCI, in respect of last year because of the difficult economic times.