Mr. Jim O'Keeffe:

I will cover the mica issue clearly. With the talk over the past week, the writing-off of debt has become almost a prize for somebody to achieve. When we write off debt, at that point in time we have minimised the income and the situation of the borrower as we have just described. We are not in the old world of somebody landing into the bank and saying they owe us X and they are going to cut a deal and we can halve it, etc. That is not how we operate. Obviously, I am not talking about specific cases but when people look at us today - this is really important - and ask how those write-offs take place, it is all done on the basis of affordability, etc. The residual situation for the borrower is consistent based on what we have just discussed.

In relation to mica, we have had very limited contact from borrowers to date. I would say that we have engaged with around ten to 12 borrowers on it. I know we have discussed it before on a case-by-case basis. Certainly, we are reaching out. We have set up a unit internally to work with the borrowers. Obviously, we are waiting to see how the scheme fully plays out, etc. I recently spent time in the Deputy's constituency with the team there learning from the understanding of my colleagues on the ground who are very close to it. We are very keen to engage the borrowers there. I cannot say that there is a blanket solution for everybody, but certainly we will be very accommodating and supportive.