Results 15,541-15,560 of 26,081 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: On average, what was the wholesale funding - for what term?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Typical. Right, go on.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Six to seven.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: My final question is as follows. When did Irish Life and Permanent first begin to lose money on tracker mortgages in your experience? In what year?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: That is where I want to.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Thanks, Chairman. Welcome, Mr. Fingleton. In relation to the loans acquired to the society by NAMA - you made reference to them earlier - the discount overall was 61% and you spoke about where you feel the discounts were too high. Now, they were the highest discounts of any of the financial institutions and, Chairman, I am referring here to Vol. 1, page 125. Can you explain how you got...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Mr. Fingleton - and I don't wish to interrupt you - I'm aware of that. What I really want to ask is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: No, I was asking you a question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: It was, Chairman, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: The question is, at the time of, we'll say, the bank guarantee was brought in, of the development loans, which were of the order - commercial loans - they were €9 billion of the €12 billion of loans in Irish Nationwide at the time, what percentage of them-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: €8.5 billion. Right, we'll round it up. But what percentage of those were ... involved joint ventures where there was profit-sharing with the developer for Irish Nationwide?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Now, I've seen and we've seen figures where it's been reported ... the Central Bank have said it was around 65% by value.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: I'm talking about-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: -----the loan book.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: And of the lands that were yet to be developed, what percentage of those would have been profit-sharing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Of those loans, the 50% - let's assume that it was of the order of about ... over €4 billion - what percentage of those were non-recourse loans where the only security given was the asset?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Why were so many of the loans non-recourse? They appeared to be very high-risk.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: But did you not ... in terms of the interest, was that not, Mr. Fingleton, reckless of a form for you, as CEO of the society, to put the members' interests at such risk, or not?