Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael)
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And in the ... in the years '01 to '08, in evidence on a number of occasions, the figures that we have quoted to witnesses in relation to the growth of AIB was 30% year-on-year increase, compound, Bank of Ireland, 29% year-on-year increase, compound, Anglo had a similar rate of growth. Why wasn't action taken to slow down the growth of the property bubble earlier, especially in the commercial real estate sector?