Results 13,301-13,320 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: Can I reconcile a figure? I presume Mr. Byrne was talking about 2008 when he said in his presentation that "Contrary to a widely held view, approximately 104,000 AIB and Educational Building Society, EBS, customer accounts, which at the time of the decision were on tracker mortgage...".

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: What was the peak number of customer accounts on tracker mortgages? Is that with AIB? What was the peak figure between 2002 and 2008?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: Will Mr. Byrne explain to me why the bank conducted an analysis of 650,000 accounts? Will he explain why it was looking at that number of accounts when Mr. Byrne is saying the largest figure on trackers is about 104,000?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: That was narrowed down to a cohort of 50,000. At this point in time, apart from the 9,348 that have been identified here, will there be any more people that were affected by the tracker issue that will be found under this investigation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: Does Mr. Byrne believe the 4,900 to be the maximum figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: Does Mr. Byrne see any additional customers beside the 4,900 of that cohort?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: Is it materially accurate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: I want to deal with the cultural aspect of AIB. Did AIB engage in reckless lending in the period up to 2008?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: I was a member of it. There is a context to my question. Perhaps Mr. Byrne would give me his overview on it because I want to proceed to dealing with customers and get a flavour of the position on provisioning for loans. Does Mr. Byrne believe the bank engaged in reckless lending up to 2008?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: Does Mr. Byrne believe the bank engaged in excessive property lending?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: One of the ways that is manifesting itself is in the SME sector, in particular. Many SMEs were given loans by AIB and other institutions. Effectively, they borrowed on the strength of their core business but went into property. The weight of the debt on the property side is leading to haemorrhaging for many in the SME and farming sectors. What type of provisioning has AIB carried out...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: I will outline the context because I have limited time. The context is that many of the loans were backed by the value of the core asset, be it the farm or business. Many of the borrowers now feel they are being held over a barrel by the banks in that the banks are seeking to realise the value of their debt through the sale of the asset that constitutes their livelihood. Has AIB written...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: Will the bank write off debt-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Kieran O'Donnell: -----to the point where it allows the core asset to remain unaffected such that the borrower may be allowed to get on with his business?

Seanad: Order of Business (23 Jan 2018)

Kieran O'Donnell: The big House.

Seanad: Life Saving Equipment Bill 2017: Second Stage (23 Jan 2018)

Kieran O'Donnell: This is a good Bill. Senator Swanick has a background in general practice and is bringing the skill set he acquired before his election to the Seanad to this legislation. I represent Limerick city where, at the start of this year, a defibrillator was vandalised and broken. It has been purchased with funds raised by the South City Residents Association which is based in the O'Connell Avenue...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Kieran O'Donnell: I welcome Professor Lane and his colleagues. I want to clarify a couple of housekeeping issues. Where precisely do we stand at the moment? I refer to the Central Bank's report that came in at the end of the year, where 26,600 customers were identified, on top of the 7,100 who were separate. That is a total of 33,700. Of those 26,600 customers, 13,000 of those were identified up to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Kieran O'Donnell: I refer to the numbers. Is a line drawn in the sand? Does Professor Lane believe that 26,600 is the full and final number of trackers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Kieran O'Donnell: To what figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Kieran O'Donnell: Put a figure on it.