Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

Last week's, Thursday. We had a meeting at 9.30 a.m. I questioned Mr. Forde, "The expansion of the loan book of AIB for property and 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?" His response is, "No. I didn't then." I questioned, "Do you now?" Mr. Forde says, "Yes, in hindsight ... reckless is a strong word." Thank you very much.

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