Mr. Brendan Burgess:

Absolutely. Many people with mortgages with other banks and plenty of equity in their home moved to Danske Bank. Of course, Danske Bank gave very cheap tracker mortgages so it is now facing a mortgage book which probably does not contain much negative equity.

It wants to get out of the country as quickly as possible and its book is quite healthy. As it contains cheap trackers, a brutal attitude is taken to repossessing the properties concerned. I do not know the solution. There might be a solution if these loans are in substantial positive equity in terms of encouraging one of the State owned lenders to take them. If I was in control of Danske Bank, with cheap trackers and positive equity, I would want out of this country.