Oireachtas Joint and Select Committees
Wednesday, 22 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Frank Daly:
Absolutely. And I am on record before, Deputy, in terms of this, that in tranche one, there were €1 billion worth of loans from one particular institution which did not transfer to us in tranche one because when they looked at security, they did not have first rank on security and they had to go to the courts to perfect our security.
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