Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

Yes. The commercial property loans grew from €460 million in 2001 to €1.7 billion in 2007 and €2.3 billion in 2008 - a 500% increase which by any standards is quite acute. I'm puzzled as to how that tallies against the board minutes of 31 May 2002 when the strategic plans said it would be a question of putting ... well, I'll quote the "Toe in the Water" and "The Toe in the Water approach is the favoured one".

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