Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

We have a minute on this and it's in BOI - B2, page 23, and it is from a meeting from the 9 November 2004 and it talks about this establishment of a dedicated property unit. The rationale it gives in that minute is that, "In the past five years we have under performed in this top end market, which has been dominated by Banks with specialist property units, most notably Anglo Irish Bank". So is this an example of Bank of Ireland changing its business practice to compete with Anglo?

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