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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