Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Stanley Purcell:

Yes. The introduction of IFRS, I think it was around 2005, it resulted in us writing back. I think we had a bad debts provision of about €100 million and under those rules we had to write much ... much of that back.

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