Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
He stated very clearly that there was a commercial real estate sector that damaged the banking sector more than anywhere else and he itemised the ... Anglo Irish Bank as being the most expensive to the State, costing over €30 billion. And he also stated clearly that and the documents that we've had at our perusal stated that Anglo Irish Bank was 82% commercial real estate, 1% residential and 17% corporate, much of which was related back to commercial real estate sector ... a monoline bank. Could you offer me an opinion in relation to commercial real estate sector?
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