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

Vol. 1, page 106, if you look at point 8.1 on the funding model ... you'll see it, half way down:

The Group's lending book grew aggressively from €12.9bln in 2001 to €39.2bln in 2007. This growth was largely funded through the wholesale markets.

So, can you tell me a bit about that strategy and why you decided to pursue that?

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