Results 6,061-6,080 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay. And just then to note that from September 2004 to September 2007 Irish lending grew by 284% - so that's €13 billion to almost €38 billion - and this was on loans advanced ... It was on loans advanced during this period that Anglo took its heaviest losses and you were MD of lending for most of this period, so what do you say to that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Sorry, how did you broaden the base? Excuse me.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: What kind ... what areas?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: And what was your view of 100% lending?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: What was your view of 100% lending within the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Could you intervene in a process, in a lending process, to make sure that a developer, a borrower, would get 100% financing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: So you're familiar with the Applewood development in Swords?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Were you involved in securing that loan?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Just ... sorry-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay. And just in terms of the finance for that project or finance for projects at the time, in terms of 100% lending being done by the banks in terms of providing all of the money that was needed to secure the site, was that a practice in the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: A one-off situation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay. And you were involved with that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay. So how can such a situation arise in the bank with such strict lending policies as you outlined in your written statement?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: I'm not sure about the start of the project.