Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
This is to do with a results announcement that you made to analysts from London and Dublin in December '08 in which 15% of the loan book had been said, in March, to be development lending exposure, but it is a reclassification that brings it to 23% at December '08, which is pretty significant, because it actually changed quite significantly the exposure the bank had at the time to speculative lending at a very crucial point in time for the bank. Do you remember that reclassification?
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