Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Can we look at the ... the Allied Irish Bank document that I've just put up there? And this is a review by AIB in relation to the amounts of lending from 1998 to 2008, and you see there that general loans and advances increased by 330% in AIB, 325% in Bank of Ireland, Anglo 1,950%. Now property advances, which is the next series - 935% at AIB, 2,884% in Bank of Ireland, and 2,155% in Anglo, and the final two columns is the property concentration, which rapidly increased, exponentially. That happened from '98 to 2008.
Was ... was the board of the Central Bank aware of this exponential level of lending and how it related to what was going on in the property market, including the price of houses?
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