Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you, Dr. Somers. I just want to wrap up a couple of things. Dr. Somers, in or around 2007 ... you're a bit like myself, I'm not great on names and dates; I just remember the general picture. But in 2007, the summer of then, the NTMA took an €8 million investment in Bank of Ireland bonds and I think it started to invest other bonds in the Irish market at that time. Would you have any idea, off the top of your head, as to what the quantity of the NTMA investment was in Irish institutional bonds in around 2007-2008?

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