Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Fergus Murphy:

Yes, because the underlying loan was to a property. I think that would have been the key piece. But, I'm just going back now in memory, as obviously, as you know, three or four months into my tenure I was closing it down. So I was more interested in how we don't lend to any property or hotels or anything, rather than how to do it. But, because it was a property loan, I think that's how it qualified.

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