Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Can I stop Dr. Bacon there? I will give him the full quote, which is:
As regards their property loan portfolios the six guaranteed credit institutions face cumulative economic impairment on their land and development loan exposures and associated property investment loans of around €XBn [Figure deleted. Market sensitive] on loans outstanding of about €80-90Bn.
That is the abridged version, which specifically referred to the six institutions. The first line of the official report states: "As regards their property loan portfolios, looking forward to 2011 the six guaranteed credit institutions...", so we are talking about the exact same six institutions.
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