Oireachtas Joint and Select Committees
Tuesday, 10 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Ciarán Lynch (Cork South Central, Labour)
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On a point of information, in your opening statement you say that some of the heaviest losses incurred by the Irish Nationwide Building Society were on loans provided in the period leading up to, and after, the passing of this demutualisation legislation. Do you know how many people benefited from the demutualisation of Irish Nationwide Building Society? What was the payout?