Results 3,181-3,200 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Ms Deering spoke about the bank's digital offering and other innovations in fintech and consumer tech. She spoke of the app improving, but what will people see as a result of this? I will relocate myself. Hopefully, the Chairman will allow me to continue asking questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Reference was made to €1.5 billion in investment. I presume that a much of this money is at a group level. Is a particular amount of money being spent in Ireland? Bank of Ireland's representatives were talking to us last week about spending €900 million. KBC Bank Ireland is not as big as Bank of Ireland in terms of physical presence. Its legacy systems may be different as...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: KBC Bank Ireland has very ambitious growth targets and has had very strong growth in the past several years. Would it be fair to say that it is the fastest-growing bank here at present, admittedly from a lower base?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: I wish to raise KBC Bank Ireland's competitiveness on interest rates. Ulster Bank has undertaken an initiative to which Deputy Pearse Doherty has referred. How does Mr. Verbraeken see KBC Bank Ireland's competitiveness relative to the other banks? Deputy Michael McGrath has an aversion to gimmicks and is conscious of how much can be hidden away by the attractiveness of a cashback offer. I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: The witnesses stated that KBC Ireland has very few people switching out. What is the volume of people switching in?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: I wish to address NPLs, which constituted a significant component of the opening statement. I presume the figures are fairly depressing from the bank's point of view. They are quite shocking. Some 37% of its overall loan portfolio is non-performing. A significant element of that is comprised of PDHs. Is it €2 billion out of €4.5 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: It is almost half of the bank's entire portfolio. It has not transferred any properties to vulture funds yet. It did transfer some residual balances after properties were disposed of. I know that a suite of options is available. Is KBC Bank Ireland considering looking at NPLs on a case-by-case basis? In instances where it is contemplating selling to vulture funds at a discount of 30%,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Everything is relative.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: On page 1 of the questionnaire, there was a reference to the total number of mortgages or private dwelling home, PDH, mortgages that were reported as in arrears of more than 90 days as 3,385.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Page 3 states that various voluntary and legal surrenders total 1,555, 11% of the total distressed portfolio. What is that 11% of? It is not 11% of 3,385.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: The 3,385 excludes the Central Bank definition of non-performing loans, NPL. KBC Bank has a different definition for those 3,385.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: KBC Bank is using the Central Bank's definition of NPL for the 11% but not the 3,385?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: I was losing track of the numbers a little. With regard to the legal proceeding proposal on page 3, does 921 refer to 921 houses or dwellings that KBC Bank has permission to take back?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: The witnesses are looking for repossession of 921. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: That is of PDHs and buy-to-lets.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: There are potentially 921 properties-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Approximately 1,000. Are they situations where as far KBC Bank is concerned, it is at the end of the road?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: How many came out of the court process?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: So another 70% are still refusing to engage? When Mr. Mahon says they are not engaging, are they just not responding to anything?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Does KBC Bank send people into the field to look at houses to see if they are still occupied or half-derelict?