Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Okay. Now on page 3 of your opening statement, Mr. Quinlan, you say, "Anglo Irish Bank was Quinlan Private's principal financial institution". And Anglo's assets growth, which we've had evidence about in the course of the inquiry, would kind of mirror to some extent, the rate of growth of Quinlan Private. For example, in 2004, you don't ... I will just allude quickly to these figures. In 2004, Anglo's assets grew by 34.5%; 2005, 44.4%; 2006, 32%. So Anglo was growing exponentially, obviously, with much greater loans outside of Quinlan Private. Can you see a relationship between what was going on with Quinlan Private and with Anglo Irish at the time?
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