Ms Francesca McDonagh:

With respect, I do not agree with the Deputy. We will compete. We have grown our market share by being competitive in terms of our service. We have invested heavily in our judicial offering for mortgages, for example, and developing new relationships with the broker channel. We will see much publicised new entrants come into the market with a differentiated offering. I cannot attach a premium to our pricing because there is a lack of competition. With absolute respect, I do not agree with the Deputy that we are operating in an uncompetitive market.