Michael McGrath (Cork South Central, Fianna Fail)
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I will keep my contribution as interactive as I can. On the issue of the standard variable rate and the managed variable rate, which Mr. Masding introduced, he said that one in four of his variable rate customer base has moved across to the managed variable rate.

According to the answer provided to question No. 9, a total of 49,000 residential mortgage customers remain on the SVR. Is that correct?