Results 15,921-15,940 of 37,025 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Does Mr. Masding not have the figures? He is here to answer questions about Project Glas, and I wish to ask a simple question on behalf of the families involved. How many of those family homes is the bank selling that are currently meeting the arrangements with the bank that were agreed between the customer and the bank, whether in the original arrangements or in the restructured arrangements?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Mr. Masding will tell us the average loan is this or the arrears are that but, since it does not suit the bank's purpose, he will not tell the public that what Permanent TSB - a State-owned bank, to which the Minister has turned a blind eye and where he has allowed this scandal to take place on his watch - is doing is selling performing loans where people are meeting the restructured...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Has Mr. Masding not previously confirmed that 1,050 loans on family homes were deemed as performing or meeting the terms of the restructuring arrangements and are included in Project Glas?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Mr. Masding talks about the idea of punishment and forgiveness in relation to debt. How much debt forgiveness has the bank given on commercial loans over the past five years? How much debt has been written off without retrieving the assets under which it may have been secured?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: How much was there on non-secured commercial lending?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: My question was about commercial lending. How much lending has the bank written off over the past number of years?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: I do not have much time but I am sure other members will continue with this matter. On restructuring, the witnesses outlined what the bank should have done. I will tell them what the bank should have done. It should have done what the other banks are doing. I am not one to shout about the other banks, which could do much more, but what Permanent TSB is doing is simply pathetic. It is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Interest-only repayments.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Permanently reducing the interest rate on the mortgage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Temporarily reducing the interest rate on the mortgage for a specified period.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: An arrangement to pay interest and part of the nominal capital for a specified period.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Deferring payment of all or part of the scheduled mortgage repayment for a specified period.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Extending the term of the mortgage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Changing the type of the mortgage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Adding arrears and interest to the principal amount due.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Equity participation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Warehousing part of the mortgage, including through a split mortgage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: Reducing the principal sum to a specified amount.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Pearse Doherty: These have been identified by the Central Bank as ways for a bank to work through its loan book. In his presentation, Mr. Masding seemed to be asking what the bank could do after having tried everything, but it has not. There are five options, which the bank simply will not entertain for customers, that could form part of its basket of solutions, but it has decided not to use them.