Dr. Colin Hunt:

I fundamentally disagree with that. We present mortgage products to our customers under the AIB brand, through EBS and also through Haven Mortgages, which is a mortgage broker. Mortgages are an important part of this bank’s lending book. Roughly half of the bank’s lending book is in the form of mortgages. We are the biggest mortgage lender in the State. We are the biggest mortgage market share in the State. We have the widest array of product that we bring to the market, across all our various brands, in terms of standard variable rates, fixed rates, various durations, tenures and, of course, cash-back product. Under our various brands, we give our customers unrivalled choice of options that they can have at a point in time when they are drawing down a mortgage. We are also conscious that switching activity in the market is important. We want to accommodate our borrowers who want to switch. That is why we provide €2,000 to switching mortgage borrowers. I will hand over to Jim O'Keeffe for more colour on where we currently are in the mortgage market.