Results 10,061-10,080 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay. Moving on with the page, to the next page of your statement, you talked about, under section 5, in sub-paragraph 3, "Rapid increased supply of bank lending to these potential property developers", these are the new developers that came on line. Did you notice a change in your relationship with the bank? Did you notice a change in the culture in the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: What was that change?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Well, with some banks. What was the change that you noticed?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay. And-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: But did you ever express concern to the banks then about these 1,000 new property developers and the fact that they were chasing the business, and any concerns you might have had as to their suitability for ... as borrowers?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay. And was it easier for you to get credit or financing or loans at the time as a result of any change that you noticed in the banks at the time, whether to old or new lenders?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay. And would you have been aware of anyone that you dealt with in the banks making commission off the lending that they were giving to your company? No? Okay. And then, just on page 7 of your opening statement, you talk about the pitches you made for certain sites.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: The bids. You learned that one was 35% off the pace at the time. So, in one way, I suppose, that reflects what you thought the value was of the land, but at the same time you still made the bid. Can I ask why?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: Okay. But Jurys and Burlington?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: So, the bank approached you over the Burlington site?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: But, sorry, just a moment ago I thought you told me that the banks never approached you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: I don't understand the distinction.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: This is a private bank or private-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: But part of the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: I mean, can we not deduce from that that it is the bank then approaching you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: -----to go into a deal?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: It is?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: So, in relation to my earlier question when I asked you if any of the banks ever approached you about new lending, or about, you know, investing in a particular site-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Eoghan Murphy: ----the answer to that question would be?