Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael Buckley:
But, if I may say so, there is nothing wrong with lending for property and construction development. I mean, in 1998 our loan book for property and construction, depending on whether you count in or out our US subsidiary, was somewhere between 12% and 15% of our total book. So we had a long history in lending and we were quite comfortable that we were an experienced lender to property and construction.
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