Results 3,281-3,300 of 26,843 for speaker:Richard Boyd Barrett

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Richard Boyd Barrett: We will agree to disagree. Obviously, this is also a Government policy matter, but it is also Government policy to allow AIB the freedom to make these decisions. I believe AIB is making the wrong decisions, because unless we get radical debt write-down, we will continue to bump along the bottom. I believe AIB is failing to grasp the significant influence it has on whether we will have the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Richard Boyd Barrett: I have one final short question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Richard Boyd Barrett: My final question concerns the land and development and investment property loans of AIB, which are a significant part of its loan portfolio and impaired loans. In fact, they comprise a larger portion of the impaired loans than residential property loans. What is going on with regard to these loans? Tell us more about them and what is happening with them. Do these loans relate to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Richard Boyd Barrett: The bank was provisioned for the first of those, was it not?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Richard Boyd Barrett: That is investment property.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Richard Boyd Barrett: My question asked what was happening with that portfolio, in particular the investment properties.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Richard Boyd Barrett: What is happening with the investment property?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Richard Boyd Barrett: By whom?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: AIB could tell us how many mortgages were in arrears and how many extra applications were coming in per month as a result of difficulties with arrears.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: Why is Bank of Ireland different?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: Who recommended to the shareholders Mr. Boucher's remuneration and that of the other executives of the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: To clarify then, Mr. Boucher recommended his own salary.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: Mr. Boucher is on the board of the bank. He is the chief executive of the board.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: Who recommended it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: The board, of which Mr. Boucher is a member-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: Does Mr. Boucher feel any discomfort whatsoever when his bank is involved in repossessing homes or putting extreme pressure on people to pay mortgage arrears that they cannot manage, many of whom are in difficulties because of the activities of banks like BOI, while he is earning in excess of half a million euro per year? Can he understand why people are angry about that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: So, it does not bother Mr. Boucher one way or the other if people are concerned about it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: What role did Mr. Boucher play, if any, in the Jurys Doyle deal, involving Sean Dunne?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: Mr. Boucher cannot tell us if he played any role in that deal, is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Richard Boyd Barrett: Okay. We are not getting very far here, are we? How much would it cost to write down the mortgage accounts that are in negative equity?