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

Okay. I suppose, the point I am getting at is that it wasn't until the financial statements for the year ended 31 March 2008 were published, which was May 2008, that a reader of the Bank of Ireland financial statements would have realised the extent of that bank's dependence on the property and construction sector. None of the accounts prior to that gave any information on the bank's reliance and the concentration of risk in property and construction.