Results 19,081-19,100 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure. But do you think in hindsight the bank took too much risk in terms of lending to the property and development sector?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure. And ... but just back to the question in terms of whether or not you believe there was an over-concentration of risk in the property development construction sector by Bank of Ireland, in your-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: But they are very related.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sorry?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: The ... the actual sums of money involved, the nominal value-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: And in question of whether there was an over-concentration, they are directly linked.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Did you take too much risk?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Can I take you to the NAMA discounts? So it's on the NAMA booklet, C4b-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Yes. NAMA C4b, Vol. 1. And it's just one table, and I'm sure you know this-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: -----off by heart anyway.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: No, NAMA. But-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: It's quite a broad question, the NAMA discounts on the acquisition of Bank of Ireland loans was considerably less than your peers.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: It came in at 44% according to this extract from the Comptroller and Auditor General report. What is your reaction to that, even though it is less than the other banks, it is still a very high discount applied to property land development related loans that NAMA would've acquired from your bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: It's on the screen there. It's just the 44% figure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Yes. Can I just raise the issue of loan-to-deposit ratios and there are some figures quoted on BOI - Vol. 2. Again, it's an extract from Project Atlas. So it's page 22 of that booklet ... booklet. BOI - Vol. 2.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: No problem, take your time.