Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Yes. I mean, page 98 of the same minutes extract is saying, "While the above statements remain valid, the level of concentration within the book is increasing and the committee is asked to consider if the current level is acceptable and a number of options are set out as to how the concentration could be reduced". Is that not an admission that there was an over-concentration in proportionate terms to the property and construction sector by the bank in its lending portfolio?