Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

In the fraught environment of September 2008, for example, you will recall the "Liveline" show covering the safety of peoples' deposits in banks on Thursday, 18 September. It was reported at the time that €50 million was placed in An Post State-guaranteed savings accounts in a 24-hour period. On 20 September Minister Lenihan increased the deposit guarantee from €20,000 to €100,000. Were you losing deposits at that time?

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