Peadar Tóibín (Meath West, Aontú) | Oireachtas source

The key element is that there are many families, farmers and business people in this country who have invested their blood, sweat and tears in the development of their farms, businesses or homes and when they engage with a particular bank, it will often allow for a write-down of the loan to happen when it is sold on to another financial institution but it will not offer the same deal to the family itself. The family could be looking to do that exact deal that is intended to be done with Bank of Ireland but that is being refused to the families. As late as yesterday this particular family indicated that this is what it wants to happen at this juncture because it is considerably worried that by the time its loan gets sold on to Bank of Ireland, the bank will still push it for the full amount of the contract it is in. This is despite the fact that Bank of Ireland will probably have experienced some level of write-down on the debt already in the transaction. I want to ask Mr. Jansen straight out if KBC will allow customers to experience the same level of write-down in loans that it is intending to give to Bank of Ireland in the transaction.