Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Paul Dobey:

I think it probably did, we were ... particularly in the property construction area ... when we were doing the loan reviews, there wouldn't always have been income statements and you'll understand that in relation to a property loan, it's the cash flow ... the future cash flows that may be available from developing out that property that would give rise to income and there may not have been any income early on.

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