Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Thank you, Chairman, and thank you, Mr. Mulryan. A lot of the areas I wanted to discuss have already been raised by other members of the committee, so if I go over old ground, just let me know and I'll move on. On page 5 of your written statement you talked about, in paragraph 4, "Whether stated in the Loan Agreement or not, the financial institution generally required a high level meeting which senior management attended [and it would happen] on an annual basis, to review the past year [to look at] the progress on [the] financed assets, general business discussion about the wider economy and real estate sector and Ballymore’s future intentions". So, these annual meetings which were in the loan agreement, or not, would this be, kind of, a half-day meeting?

Would it be a lunch meeting? Can you just tell me a bit about those kinds of meetings?

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