Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The committee has had evidence that, in relation to commercial property ... and when we're talking about commercial property, you'll just maybe outline to listeners at home or viewers what that actually entails in terms of hotels, offices and so on. We've had evidence to the committee that the commercial property sector in Ireland was very small. We also have evidence from NAMA, for example, that 29 borrowers that went into NAMA - which was commercial property - had €34 billion of par debt. In relation to stress testing within your banks ... was stress testing done for commercial property? You know, there was a mention ... I am not sure which one of you mentioned, that there was no focus on commercial property. Was it-----

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