Oireachtas Joint and Select Committees
Wednesday, 17 December 2014
Committee of Inquiry into the Banking Crisis
Context Phase
1:05 am
Eoghan Murphy (Dublin South East, Fine Gael)
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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?