Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you very much. If, maybe, I could just refer to two items just following on from Senator MacSharry's questioning. I just want to refer to document reference AIB B1, Vol. 1, page 87. And what there are here are a summary of main findings. These relate to review focused at enterprise at Republic of Ireland level. This is an AIB document and if you scroll down the page there, it's about the fourth line, it says in there, Mr. Duffy, that in short "the main trust of the Business in ROI [this is the AIB Republic of Ireland model] was to focus and volume [I presume that there's a spelling error there, that should be focus "on" volume] market share-driven loan origination. This was achieved by growing property advances and related income in an unbalanced manner." Would you care to comment upon that?

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