Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Michael O'Flynn:

Well, sorry, I ... it's important to understand, interest roll-up is part and parcel of development. Where I had interest roll-up it was being rolled up. To this day ... and I've borrowed recently for development, from one of the pillar banks, and I've offers from both of them for development, there's interest roll-up as well, because that's how those loans are done.

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