Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

Can I stop Dr. Bacon there? I will give him the full quote, which is:

As regards their property loan portfolios the six guaranteed credit institutions face cumulative economic impairment on their land and development loan exposures and associated property investment loans of around €XBn [Figure deleted. Market sensitive] on loans outstanding of about €80-90Bn.

That is the abridged version, which specifically referred to the six institutions. The first line of the official report states: "As regards their property loan portfolios, looking forward to 2011 the six guaranteed credit institutions...", so we are talking about the exact same six institutions.