Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Richard Burrows:

No, it was property ... the property value was, was ... the collapse of property values was one of the big issues which caused the, the whole banking situation. It wasn't, it wasn't a deterioration in lending to other sectors that caused the problem. It was primarily lending to the property sector in the broadest sense.

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