Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Peter Fitzgerald:
Yes. There was no treasury function-corporate deposit-taking function of note in the building society at that time and it was a stable business. The context of my point there was that, while we operated in treasury and started off life very early on taking hundreds of thousands of euros from deposits ... in deposits from customers, the loan growth and the general market environment meant that customers had ... corporate customers, in particular, had a lot more money. I used the billion euro overnight deposit as just an example. There may have been one or two in those but for me-----
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