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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: I know the loan book improves because the property has risen. Is it not because the performance of the loans are being better paid off or the arrears are lessening? We have seen figures to suggest same.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Part of it is the performance of the book. Part of the provisions are being written back purely because the property market is improving.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: There is a perception that with the depth of the crisis the banks did not want to move people out of property and sell property because there was no-one to buy it and the values were so low one would not want to. Clearly the bank's figures suggest that it is not out, as property values increase, to get people out of properties and to sell the properties either with vacant possession or with...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Effectively, there were 36 properties last year and 18 properties this year repossessed in terms of the bank's entire loan book.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: The bank is like a long-term mini-NAMA in terms of realising the properties slowly over time but ideally keeping as many people in their properties as is possible.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: In April 2015 the IPO value was €2 billion but it is now valued at somewhere between €1.1 billion and €1.2 billion per the questionnaire responses. To what does the delegation attribute the almost 50% drop in value?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: My final point is on the Central Bank's restrictions on property lending. The restrictions have been talked about a lot in terms of whether they should be relaxed. What does the delegation think about the restrictions, particularly in terms of the Dublin area because that is where they hit the hardest? An argument can be made that the restrictions have depressed or maintained property...

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: A seconder is not required for a Government amendment.

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: No problem. Senator Craughwell has the floor.

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: Senator Craughwell, without interruption.

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: I think Sir Humphrey said "at the appropriate juncture" rather than "at the right juncture".

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: Senator Buttimer, without interruption.

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: I ask Members, if they do not mind, to keep debate going through the Chair.

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: I intervened on Senator Craughwell's behalf to allow him to speak without interruption. I ask the same for Senator Buttimer.

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: Is it a point of order, though?

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: That is not a point order, so I ask Senator Humphreys to resume his seat and allow Senator Buttimer to continue.

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: Before I get to Senator Craughwell, that was seven and a half minutes and every Member has eight minutes.

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: I am not sure if that was a point of order. I will allow Senator-----

Seanad: Micro-plastic and Micro-bead Pollution Prevention Bill 2016: Second Stage (23 Nov 2016)

Gerry Horkan: Senator Trevor Ó Clochartaigh has eight minutes without interruption.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Gerry Horkan: I thank the Minister of State and his team for the work they are doing and for coming in to us this afternoon. We look forward to reading the Minister of State's report when it is published in December. It would be very useful if perhaps next February or March he would come back to the committee and outline the progress that has been made at that stage. I accept that it will be early days...

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