Oireachtas Joint and Select Committees
Thursday, 23 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
Professor Black that Deputy Higgins quoted, he had a term that he used that was crucial for lending, which was ... it's not a very academic term but it was, "grow like crazy", and when he was asked what was "grow like crazy", in terms of percentage growth, he said 30% was reckless. The expansion of the loan book of AIB for property in construction averaged 29% per annum, and that was in the sector that you were in charge of. Would you have considered your growth in that sector reckless?
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