Oireachtas Joint and Select Committees

Thursday, 23 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Joe O'Reilly:

Well, who knows? I mean, that's ... it's a hypothetical question, Deputy. But, like, I believe that the quality of the assets that we had and the fact that these assets have performed during the recession ... so, the value of the assets was obviously impacted by the financial crisis and by the property crash but the actual assets ... the business that ... the business that is the assets and the business that is created around the assets, that actually performed right through the crisis and, in fact, we probably ... the business is actually substantially improved during the process, believe it or not.

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