Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Gerry Fitzpatrick:

No, no, at the time it was adequate. What happened was, further impairments of other loans happened. So a single loan that was on the balance sheet in 2007 could've gone bad in 2008, 2009, so the subsequent losses are to do with events that happened subsequent to that year end.

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