Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
Then the next one, if I may, the same volume, pages 63-67, where it states that residential investment property, RIP, lending doubled within Bank of Ireland over 15 months from 2003 to September 2004, and over the next few years there was a relaxation of terms and conditions. Was the risk in doing that understood by the board at the time, given what we said about ... that the first reason there, the point to Mr. Burrows, was that the absolute quantum of property lending was the major issue, the first one listed as why Bank of Ireland subsequently got into trouble?
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