Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay, and very much, I suppose, to grow the loan book and it would appear as if there was significant growth in the loan book in '05, particularly around the Ballsbridge site, the Sean Dunne loan, which was well over €300 million. What type of measures would ye have had in place in terms of relationship management with loans of that size where you would have done proper due diligence? How did it arise that you'd a site that had no planning, that was ... a trophy project at the time ... that Ulster Bank gave that level of funding? What would have been the due process that would have arisen? And, obviously, I've no doubt it would've fallen in under your remit because you were heading up business banking.

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