Mr. Frank Jansen:

We are stepping two steps back here. All colleagues who were eligible for TUPE had the opportunity to take a decision to move to Bank of Ireland. A few more than 600 colleagues had that opportunity. Of all those colleagues, as we see today, 50 of them have made that decision. Our employee council has negotiated a redundancy package with the bank, which will be applicable to all colleagues who do not choose TUPE. The entire staff will be eligible for a redundancy payment. We have committed to keep our activities in place in order that we can service the off-boarding and leaving of our current account customers. That will happen in phases until quarter 4 of this year.

After the transaction with the Bank of Ireland, we have servicing agreements in place with them. We will service customers, but we will also service Bank of Ireland for inquiries our customers may still have about issues that happened to us, or the customers may come directly to us. We have agreed with Bank of Ireland about how to deal with these questions. Our plan is that colleagues will leave over the next two years, in a phased way, and all our employees will be entitled to redundancy.