Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Dermot Gleeson:

I think the property book was big and we knew that it was concentrated. We thought it was diversified, as I have explained earlier because it had properties abroad and properties in Ireland. And we derived consolation from that and from the results of the stress tests and we were wrong.

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