Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

So if you were typically putting a loan, of the order of the loan that's been mentioned in terms of the Ballsbridge site which was well in excess of €300 million, what type ... in a typical loan, what type of due diligence would be done? Would you give loans on the basis of land ... on the basis of land and development that would be subject to planning permission being applied for and obtained, as distinct from giving the loan without ... without planning permission? What would the normal due diligence you would have done?

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