Results 4,421-4,440 of 26,021 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Some people would have got two letters.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Does Mr. Brown regard that as legal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Of that 4,124, 20% have re-engaged. Therefore, it is about 800 or 900.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: What does Mr. Brown anticipate will be the balance? What will be the process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: If it transpires that some of those end up as voluntary repossessions or repossessions, what view does Mr. Brown take on the balance of the negative element of the equity?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: In essence, there is debt write-off within the bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: I refer to a number of points Mr. Brown made in his presentation. He stated that the bank's level of arrears provision has gone down, which is the opposite of the position in the other institutions that have come before the committee. Will Mr. Brown explain to me the reason that is the case? Mr. Brown spoke about operating in the North and operating in the South.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: He appeared to give the impression in his presentation that on similar type loans, the reaction of the mortgage holder is different. Will Mr. Brown explain that? It appears to go against current trends and I wonder about the reason for that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: In that time, how much has the bank written off in terms of write-offs and in terms of mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: In the past year, how many houses has the bank repossessed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Regarding the 74 voluntary repossessions, has the bank sold those houses or kept them in stock?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: The bank has not got to the point where it is doing a write-off on that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Will Mr. Brown tell me about the position in the North relative to the South?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Is Mr. Brown stating the provision Ulster Bank is providing has reduced over the last-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: On the issue of strategic defaulters, does Mr. Brown believe this is a factor in the Republic?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: How long has that pattern been happening?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: So, one quarter of those who are in serious arrears are not engaging.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: AIB has told members that its equivalent figure is 20%, while Ulster Bank is stating the figure is 35%, which is 5% of its loan book.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: What percentage of Ulster Bank's customers are in arrears?