Results 7,641-7,660 of 26,737 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: What are their responsibilities within the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: I met Padraic Kissane earlier at the coffee dock here. Ms Deering saw me. We were going through the documents and they were quite detailed. I cannot hold Ms Deering here all day and go through all the specifics in the documents. However, suffice to say, Mr. Kissane would contest some of the evidence given to the committee and how that meeting, in particular, went. Does Ms Deering see any...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: He represents customers of KBC. However, in the overall context of the handling of this issue, to be helpful, I am trying to arrange a meeting at the highest level within the bank to clarify some of the issues because I do not have the time to go through each one. That would be important for clarification between Mr. Kissane and KBC and that would serve the committee well in our learning...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: Is that a narrow scheme or is there room to expand it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: I return to Ms Deering and the settlement of some of the loans, which she discussed with Senator Conway-Walsh. The Senator asked her whether KBC had ever marked down a loan as one would do when selling to a vulture fund. Has the bank considered that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: What level of cost does the courts process through which banks bring customers who, as the representatives state, have not engaged over many years entail for the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: Does the bank hand over commercial or tracker issue cases to its legal representatives once the case goes to court and give them full rein to deal with the cases or does it check on their progress? Issues of which the bank was unaware may arise and, if acknowledged, may bring about a different type of solution. Does the bank have oversight of the activities of its legal representatives?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: That was my question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: I am interested in such cases. In the course of a case in which bank documents may be challenged or new information given or an error in documentation or incomplete documentation discovered, the bank remains open to talking to the customer. It does not to refuse to so do once proceedings reach court.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: Although I do not wish to go into too much detail, I recently read of a court case in which a customer of the bank claimed the bank owed him or her money. If that money had been paid or acknowledged as owing to the customer, it might have resulted in a different outcome to the case. That is why I asked about commercial cases before the courts. I might come back to the representatives in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: Mr. Verbraken stated that the bank uses Cabot.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: Does it use Cabot for debt collection?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: It is a debt collector.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: I misunderstood the question that was asked and was unsure whether it was a vulture fund or a debt collection agency. I thought I got it wrong but it is a debt collection agency as I thought.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: This point may have been clarified in my absence: it was reported that there is a substantial sum of non-performing loans in the bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: Are they worth €8 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: Is that a big drag on the performance of the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: Those debtors are paying something.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

John McGuinness: That reminds me that the business in the commercial case to which I referred was described as a zero payer but claimed that the bank owed it €1 million. I will bring that to Mr. Verbraeken's attention after the meeting. I thank the representatives for their attendance.

Written Answers — Department of Finance: Property Tax Exemptions (10 Jul 2018)

John McGuinness: 167. To ask the Minister for Finance if an exemption to the household charge will be examined to help support family carers. [30068/18]