Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
So, Anglo's ... and bearing in mind as well that construction in the country at that time accounted for 24% of the Irish economy, which was twice above the recommended norm. Construction should account to about 12%. It's at 6% at the moment. They're moving upwards again, which it needs to get back to a sustainable rate of 10% to 12%. But, at that time, the construction in the country was twice, 200%, of what it should've been. I mean it was ... that was a well-known figure around the place. You were highly concentrated into this area, and there were exposures being raised from it. So, I suppose, if I could return to the question and break down into two parts, were you concerned with the issue and were you bringing these concerns to management?
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