Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Okay. I mean it notes that commercial is an area that has more than tripled in scale to about €1.6 billion of the loan book. But the problem as it outlines in 2005 is that the lenders are lower risk, meaning good asset quality but low margins so the desire then is to go for higher-risk businesses. Now when Fergus Murphy was before us, he said on page 61 that ... of the transcript, that "the society entered into [the] marketplace [late and] at times [it] tended to do business ... with secondary ... developers and ... investors" in secondary locations and that the society wasn't "getting the better business, maybe none of the business was good".