Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Paul Dobey:
They were on the table for AIB as a significant risk and I mentioned the semi-annual risk reports that were presented by the chief risk officer to the board and the audit committee. At that point, property prices were elevated. We now know that they were inappropriately elevated if I can put it that way, but there were transactions happening at very high levels and those loans were recoverable and could have been recovered at that time.
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