Mr. Gavin Kelly:

I thank the Deputy. Obviously, this is still subject to approval so I will comment in that context. From our perspective, we are working very closely with KBC to bring across mortgage customers, deposit customers, credit cards and loans. One of the really important parts is protecting customer rights and ensuring that they come across in the terms and conditions. We are working to make sure that if a customer in KBC is coming across, he or she is coming across on the fixed rate he or she is on today. It is really important to say that. Those customers will come across. They will not have to do anything as that mortgage comes across and they will get that fixed rate they have.

It is difficult to commentate or speculate on future rate changes. We have a very competitive proposition in the market. We have a number of products available to customers, whether they want a cashback facility or want to choose one of our green mortgage options. However, I would not speculate on future ECB rate changes or what might happen with rates when they do come in.