Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Fergus Murphy:

Obviously there was noise in ... in the system and, and there were rumours but there were no discussions between I, or us and the Central Bank in relation to that. In terms of the society itself, on the night of the guarantee or during that period, as mentioned briefly earlier on to the Senator, we had lost some international customer deposits, corporate deposits as they call them, non-bank financial institution deposits, but our local, retail and corporate deposits were stable. And therefore, although I was, you know, acutely aware of what was going on in the marketplace and we had significant concerns for the future in terms of what could happen next, at that point in time EBS was doing okay.

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