Results 14,661-14,680 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Under the EBS brand, 2% would be €5,000 so they would have to come up with a deposit of €23,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: I have no doubt that the bank has added up its figures. I am asking about the practical effect. A first-time buyer would have to come up with a deposit of €28,000 and would get €5,000 back from the bank making the net deposit €23,000. Under what is now proposed, they would have to come up with a 10% deposit, €5,000 in cash, and would get a rebate of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: In AIB the deposit is €12,500 and in EBS it is €7,500. How does AIB feel about that? It gives the bank the 10% equity which the punter is providing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: I am asking-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: No. I am asking what practical difference it will make to the first-time buyer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: The likelihood is that the level of the deposit required by a first-time buyer will probably be halved. Is that fair?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Am I correct in saying that AIB's loan book is approximately €69 billion? Are they all organic loans? Were AIB and EBS the originators of these loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Does the bank intend buying loan books?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Mr. Byrne will be aware that some of the bank's competitors, such as Bank of Ireland, are buying loan books. Is there a reason AIB is not pursuing a similar line?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: When was the last time AIB paid a dividend?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Does AIB believe its return and balance sheet position is strong enough to be in a position to start paying a dividend in the normal commercial sense?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Obviously, that would be critical in the flotation of AIB again.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: When does AIB anticipate it will pay a normal commercial dividend?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Is it intended to pay a dividend on the bank’s 2016 results?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: I will put it this way. Is this part of the discussions with the Department?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: When does AIB anticipate these conclude?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Would it be reasonable to suggest that it would be an objective of the bank’s board that it could be in a position to pay a dividend on the 2016 results?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: AIB has €69 billion of loans and a provision of €7 billion for losses. That is higher than some of the other institutions’ provision. Why is it so high? It is a phenomenal figure that is the equivalent of the entire budget for the Department of Education and Skills. A breakdown was given with the figure of €3.7 billion relating to home loans. Is that home...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Is there a breakdown between home loans and buy-to-lets in that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: How much of a loss provision has the bank for private dwellings?