Mr. Des Carville:

It is, but as the Secretary General mentioned, new entrants are coming into the market, as well as the digital banks. Deputy O'Connor raised this point. There is, therefore, a certain amount of choice, including the credit union sector and An Post as well. Ultimately, what drives the valuation of a bank are things like the interest rate outlook, as well as the bank's underlying financial performance. If a bank does not have customers, is not doing business and is not servicing its customers appropriately, then over time this will clearly have a financial impact, which will in turn have an impact on the valuation and share price of the institution.