Ms Jane Howard:

I thank the Deputy for the question. In terms of Ulster Bank, we are withdrawing from Ireland. There is not an intention to retain an interest here. At the time of the announcement in February, NatWest explained it had conducted a strategic review of the operations in Ireland and, following the conclusion of that review, announced the phased withdrawal. Members may be aware that as part of the consideration of the proposed transaction with PTSB, if it goes ahead, it is likely that NatWest Group will receive the minority non-controlling equity stake in PTSB.

However, that was part of the construct of the deal that worked for all parties, including customers and colleagues. There is not an intention to have an interest here.