A former director of EBS has launched a blistering criticism of lending practices at the building society.
Ethna Tinney, a former member of the EBS credit committee, says she was "inundated" with emails from senior managers, making loan proposals on behalf of developers.
She said she was asked to reply to those applications within two days - and that if the loan wasn't approved, the business would go elsewhere.
She also spoke out against 'securitisation', the practice where the bank would package mortgages and sell them off to other investors:
Meanwhile the former finance director of EBS has denied that poor accounting standards helped to hide the banking crisis.
Alan Merriman's told the banking inquiry that anyone who had concerns about the state of a bank's loans had an obligation to say so, irrespective of accountancy standards:
