Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

Thanks very much and welcome, Mr. Purcell. Sorry for delaying you earlier. INBS's annual report for 2007 shows that over the period '02 to '07, profit before tax increased by 303% and total assets by 190%. Do you think that these levels of growth were prudent or sustainable in the context of the level of competition in the Irish lending market during this period?

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