Mr. Eamonn Crowley:

If I go back a couple of years, members will know that during Covid-19 banks made significant provisions on their books, where we supported customers, and we still carry a number of those provisions because of the way the Covid-19 pandemic breaks worked out. The vast majority of customers went back to normal repayments. We were only supporting a small proportion of customers. Banks, in the main, carry some additional provisioning from that time which provides additional coverage on our book. Saying that, our models would show a slight increase in provisioning this year over last year, primarily due to house prices. That is the driver because house prices in some locations are levelling or reducing slightly. In Dublin, there has been some reduction in house prices and that would drive the dynamic model that would calculate the provision cover. In our case it was €9 million.