On the argument that mutuals offer a better service to customers than converted banks Competition drives market prices regardless of the status of the institution.

One of the drawbacks of First National's current status as a mutual . . . there are a number of constraints that mean capital for future growth is limited.

The benefits of share option schemes for management Option schemes encourage management to drive the business forward and that in turn encourages a satisfactory return for investors and shareholders.

On the prospects for consolidation in the wider financial services market It would not be a surprise to see consolidation including possible alliances with European banks.

Why biggest is not always best If an institution chases a segment of the market, offers the right service and differentiates itself from the pack, it can be very successful.

On the recent controversy surrounding overcharging by banks What has happened is an unfortunate episode in the history of the industry in Ireland.