Mr. Shane O'Sullivan:

I have spent quite an amount of time in the courts over the past year. I have seen how it tends to come in waves. There is no bank involved that does not have significant numbers of cases. It tends to be spread across the banks nationally.

For every 100 of our customers who are deep in our arrears process, 22% end up with a letter or in the legal process. Compared with other banks, on occasion that is the lesser figure. If one bears in mind that at a point in time we were the country’s largest mortgage provider and if one looks at the figures nationally, one will have a broader perspective as to those numbers.