Banking Inquiry Week 16 : Bank of Ireland lending under spotlight at inquiry

Former Bank of Ireland governors Richard Burrows and Laurence Crowley were adamant that their bank was simply following the logic of the markets in 2007. Ian Guider and Jack Horgan-Jones report

Laurence Crowley and Richard Burrows, former governors, Bank of IrelandPhotocall
Laurence Crowley and Richard Burrows, former governors, Bank of IrelandPhotocall

The focus on Bank of Ireland continued at the banking inquiry last week. The latest in the witness box were former bank governors Laurence Crowley and Richard Burrows.

Crowley said that “property lending did not grow in a disproportionate fashion compared to other lending in Bank of Ireland”. This was seconded by Burrows, who said: “I do not believe that the appetite for property lending ...