Results 2,881-2,900 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Perhaps Mr. Stanley could provide details of the largest amount-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: -----with a breakdown in respect of remediation, which is obviously the customer's own money, and compensation, being the additional compensation for the suffering that they went through. Can Mr. Stanley take us through the opening figure? Operating profit is stated as €109 million, but in brackets operating loss is listed as €151 million. What is the reason for the big...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Is this a project that is still up for sale as such?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: The bank is looking for bids on this.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Obviously this is commercially sensitive to a certain extent. What is the typical discount the bank ends up-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Will the bank disclose it at that point?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Private dwelling house accounts appear to be valued at approximately €250,000 each and the buy-to-let accounts at approximately €241,000 each. There is a slight difference in Mr. Stanley's description. One is that 73% of accounts first entered arrears between seven and nine years ago, and the other is that 75% have been in arrears for more than 12 months. I am not sure why...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Of the total number of private dwelling houses in arrears or non-performing, how many will be placed in the project for disposal? A total of 3,600 private dwelling houses are being considered. How many more houses or dwellings on the bank's books are not being considered?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: How many others are in arrears or non-performing? Is 3,600 the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Many people are asking why the bank will not deal with these mortgages as opposed to selling them to vulture funds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: It is fair to conclude from Mr. Stanley's statement that the bank is in this market for the long term. Vulture funds tend to want to get into the Irish market, take possession of an asset and sell it for more than what they paid for it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Mr. Stanley is saying the bank would not entertain examining these 3,600 cases, or the 2,900 cases, one by one. He is saying the bank has done the restructuring already and has now moved beyond that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Would that involve a write-down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Is the bank's position likely to change?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Some people are frustrated because they hear stories of 60%, 70% or 80% write-downs while their loan is sold for a fraction of what they might be able to pay for it, their home is then repossessed and they are put out on the street. The State then ends up having to rehouse them in some way or other. The vulture fund gets the property and flips it for double or triple what it paid the bank...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: Is the project for sale at this stage? It is under preparation for sale but is it out there yet?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: If they have had sight of the indicative portfolio, there must be a list for the portfolio.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: What would they need to do?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: I am not saying they could or they would but if every one of the 3,600 parties said they would enter such agreement, the bank would be willing to enter into an arrangement.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Gerry Horkan: There would be a loan write-down to value if the bank sold to a vulture fund.