Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Charlie McCreevy:

Well, I think, at the end of 2003, I think an interesting few figures - and I'm sure the committee has got these from the Central Bank and from other organisations as well - I think if you look at the lending figures to ... in this whole area of residential development and commercial development, when you summate it from all the banks, you come at one ... there's a fairly ... it's a reasonable figure, but it's ... but, by the end ... over the next ... from 2003, say, to 2007, I think ... it went up by an extraordinary amount, the amount of moneys that banks were setting aside in this general area. I'm sure the committee has the figures-----

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