Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Alan Merriman:

Not so much what I'd call a reducing market share but the substance of it was that because margins were so tight the society was generating very little capital, and without capital you can't lend out to your members. If you can't lend out to your members what are you in a member business for?

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