Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

And, we'll say, on 17 June 2008, you were in correspondence, you looked for, effectively, I suppose, an indemnity from the Minister for Finance in terms of extending funding to, we'll say, deposits. Deposits to Irish Life and Permanent went up fivefold, from €50 million to €250 million. EBS went up two-and-a-half-fold, from €40 million to €100 million. Was that the first occasion on which you would have looked for the Minister for Finance to give such a letter of comfort?

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