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:
Yes. That is the new lending. Our total new lending to property in 2014 was €1 billion. About €250 million to €500 million was for residential housing. I am not sure whether that was all drawn down. As the Deputy knows from the construction industry, one draws down funds, then recycles them.
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