Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay. Just on issue 21, which is there, and it was in relation ... 21. (ii), which is on page 70, it talked about the maximum internal property development exposure target being 20% of the loan book. But at March 2007, that exposure accounted for 25% of the loan book, but the response from the bank was that it had no concern with this, that the borrowers were proven clients with large-scale projects in UK and Ireland. None of that's familiar to you in terms of being involved in it?

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