Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

-----at the time ... at the time. We know from the Nyberg report that the top 20 customers in Anglo Irish Bank at May 2008 had 50% of the Irish loan book, which was €41.7 billion at the time. Now that's 20 borrowers in that bank had 50% of the loan book, that's more ... there's more people in this room than had 50% of the loan book of Anglo Irish Bank. We know in terms of INBS that 25 customers represented 51% of the INBS commercial loan book. Were these levels of loan concentration by borrower a cause of concern to you personally, as Financial Regulator, and did you have that information?

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