Results 19,081-19,100 of 26,148 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Has the bank become too risk-averse?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: I thank Mr. Boucher.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Does Bank of Ireland now have any ECB funding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: A total of 75% of the bank's funding is in the form of deposits.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Some €3 billion from the ECB.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Is it €6 billion in total?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: What percentage of the bank's overall funding comes from the ECB at this point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: A total of 75% of the bank's funding is in the form of deposits. How much is coming from what would be known as the wholesale bank market and what percentage comes from the ECB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Has the bank reached a level where its ECB funding has stabilised?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: The strategic fund coming from the German bank was launched during the week. How does Mr. Boucher anticipate it functioning in getting funds to the SME sector? How does Mr. Boucher see it operating? How will people be able to access the funding through Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: With due respect to Mr. Boucher, Bank of Ireland is, more or less, charging the same variable rate. This clearly looks to me-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: It appears to me that Bank of Ireland is pricing in the market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: I accept that but it is after the set period.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: The question I am asking is very simple.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: But in the limited time. Therefore, does Mr. Boucher perceive that Bank of Ireland does not have enough competitors, whereby the bank is required to give a rate reduction to customers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Briefly, if one looks across the market here, the variable rates are more or less the same with all the banks. However, AIB has given a reduction of 25 basis points or 0.25%. This is a significant reduction for an individual. Why is Bank of Ireland not doing so?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: It is the same cost of money in the North as down here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: I welcome Mr. Boucher and his colleagues. Given the importance of having a functioning banking system, I welcome Bank of Ireland's recovery and return to profit. To take up Deputy Michael McGrath's point on interest rates and charges, an examination of the figures indicates that the standard variable rate across the Bank of Ireland group is approximately 4.5%. Is that figure correct? I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: The figure is in or around 4.5%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: The point I am making is that the variable rates Bank of Ireland is charging first-time mortgage holders here and in the North are more or less comparable.