Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland

2:00 pm

Mr. Richie Boucher:

We see a business opportunity in lending money for developments. Currently, we see a mix and a lot of what we are doing is what we would call infill. That might be someone who is building 20, 25 or 30 houses. In the natural cycle, that builder makes a profit and has equity for the next transaction.

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