Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

1:05 am

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
Link to this: Individually | In context | Oireachtas source

In his report, Mr. Nyberg writes about how this funding gap emerges. It opens up between the loans and deposits of all the covered banks growing from €26 billion in 2002 to €129 billion in 2008. To what extent was this facilitated by changes in the international financial conditions? Was it largely due to the aggressive growth strategies of the Irish banks?