Results 21,721-21,740 of 26,157 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: It is still very high.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: Is Mr. Brown surprised by how high it is? What is the relative figure in the North?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: While it is not quite double, there is a significant difference. It is actually higher than AIB's level. The latter bank has put out a figure to the effect that 20% of its customers in arrears are strategic defaulters. Ulster Bank is telling members that it is 35%. Does Ulster Bank have empirical evidence for that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: I welcome the witnesses. I want to pick up on a few points. I want full clarification on the legal aspect. I am looking at quarter two, the figure for which I believe was 4,124. Mr. Brown said that 20% of those have now re-engaged. Were letters sent to all those people and what criteria would the bank use in terms of legal letters being sent out? For instance, in the case of AIB, that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: Some people would have got two letters.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: Does Mr. Brown regard that as legal?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: Of that 4,124, 20% have re-engaged. Therefore, it is about 800 or 900.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: What does Mr. Brown anticipate will be the balance? What will be the process?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: If it transpires that some of those end up as voluntary repossessions or repossessions, what view does Mr. Brown take on the balance of the negative element of the equity?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: In essence, there is debt write-off within the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: I refer to a number of points Mr. Brown made in his presentation. He stated that the bank's level of arrears provision has gone down, which is the opposite of the position in the other institutions that have come before the committee. Will Mr. Brown explain to me the reason that is the case? Mr. Brown spoke about operating in the North and operating in the South.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: He appeared to give the impression in his presentation that on similar type loans, the reaction of the mortgage holder is different. Will Mr. Brown explain that? It appears to go against current trends and I wonder about the reason for that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: In that time, how much has the bank written off in terms of write-offs and in terms of mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: In the past year, how many houses has the bank repossessed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: Regarding the 74 voluntary repossessions, has the bank sold those houses or kept them in stock?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: The bank has not got to the point where it is doing a write-off on that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Kieran O'Donnell: Will Mr. Brown tell me about the position in the North relative to the South?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: Some 1,500 letters went out in the case of the 3,103. What was the profile of the people to whom the letters were sent? AIB's representatives said yesterday that the letters were sent to people who had not made any repayments for three years. The witness went through the breakdown of the 3,103 very quickly. Can the witness outline the profile of the 1,500 and give the breakdown? I know...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: On the 3,164 figure, is it fair to say that well in excess of 50% of that is made up of a combination of interest and reduced payment? Is that a fair comment? If I conducted a pro rata exercise based on what the witnesses have said, the full interest would be approximately 40% and the reduced payment would be greater than 50%.