Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Derek Quinlan:

Well, clearly, you know, there was a huge Irish interest in ... in properties. And a lot of Irish people went to all sorts of places, you know, looked at ads ... there were ads in the papers every Sunday "Go and buy a flat in Bratislava", or some other place. And people follow that. And a number of the banks got involved in forming their own ... Allied Irish Banks, as an example, they had very significant ... they put together very significant property investments on behalf of clients - not, as far as I'm aware, in Ireland, I'm thinking of a particular case where they put together hundreds of millions-----

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