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Written Answers — Department of Health: Covid-19 Pandemic (14 Sep 2022)

Michael McNamara: 618. To ask the Minister for Health when a person (details supplied) in County Clare will receive their Covid-19 recognition payment for frontline workers; and if he will make a statement on the matter. [45036/22]

Written Answers — Department of Rural and Community Development: Departmental Schemes (14 Sep 2022)

Michael McNamara: 664. To ask the Minister for Rural and Community Development when successful applications for the level 3 outdoor recreation infrastructure scheme will be announced (details supplied); and if she will make a statement on the matter. [44921/22]

Written Answers — Department of Rural and Community Development: Rural Schemes (14 Sep 2022)

Michael McNamara: 667. To ask the Minister for Rural and Community Development the status of the rural regeneration and development fund 1 funding application submitted by Clare County Council to her Department for the Inis Cealtra Holy Island visitor experience; when a decision will be made on the application; and if she will make a statement on the matter. [45013/22]

Security of Electricity Supply: Motion [Private Members] (15 Sep 2022)

Michael McNamara: I thank the Regional Group for bringing forward this motion, which I support. I do not necessarily agree with the Minister on many points but I am willing to accept he sincerely holds those viewpoints and thank him for coming into the Dáil to debate this and other issues, because many Ministers do not. They all should do but they do not. It is important we debate. I have debated some...

Security of Electricity Supply: Motion [Private Members] (15 Sep 2022)

Michael McNamara: I said that.

Security of Electricity Supply: Motion [Private Members] (15 Sep 2022)

Michael McNamara: Is it floating wind energy?

Security of Electricity Supply: Motion [Private Members] (15 Sep 2022)

Michael McNamara: Where is there floating wind energy at scale?

Security of Electricity Supply: Motion [Private Members] (15 Sep 2022)

Michael McNamara: Where is that, other than Hywind, which is on the east coast of Scotland?

Regulated Professions (Health and Social Care) (Amendment) Bill 2022: Second Stage: Wind Energy Generation (15 Sep 2022)

Michael McNamara: I wish to raise the issue of the Derrybrien wind farm with the Minister for the Environment, Climate and Communications. Obviously he is not here and I thank the Minister of State for coming even though it is not in her Department. I appreciate that there are probably a lot of places she would rather be than fulfilling duties outside of her departmental remit. Derrybrien is not directly in...

Regulated Professions (Health and Social Care) (Amendment) Bill 2022: Second Stage: Wind Energy Generation (15 Sep 2022)

Michael McNamara: I find slightly surprising the conclusion that there are no substantive arguments to be made with regard to the security of domestic supply, given Derrybrien provides, on a good day at least, 1% of the energy needs of the State at a time of energy crisis. I am not suggesting that Ireland should flout EU law; it is very disappointing that it has done so and that it is has dragged its heels...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: I should declare a potential conflict of interest as I am with Bank of Ireland for banking and my mortgage. I want to follow up on Deputy O'Callaghan last question. People have different fixed rates depending on when they fixed and this is normal. Will persons who come across from KBC be on different variable rates to those who, perhaps with the benefit of hindsight, will say they made the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: There will be two different variable rates. There will be a higher variable rate for the bank's own loyal customers than for the new customers from KBC.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Are the different rates that apply today based on objective criteria such as loan to value?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Would it be fair to say that even when exiting the market KBC sought to look after its customers in a way that Bank of Ireland does not? It sought to have the existing terms honoured, and its variable rates are lower than those that Bank of Ireland charges.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Earlier Mr. Kelly said it was because KBC insisted on this rather than because of any particular benevolence of Bank of Ireland, which it has failed to demonstrate with own customers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: The bank would not attach the same importance to its own customers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Mr. Kelly just said the bank would charge KBC customers a lower variable rate than the bank's own customers. Am I incorrect on this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Mr. Kelly said 10% of the bank's customers are on variable rates and the other 90% are on fixed rates. For a variety of reasons the bank prefers fixed rates. The fixed rates are lower and it is obvious. What percentage of people who take out a new mortgage are on variable rates?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: What percentage of people whose fixed rate comes to an end after the three- or five-year term choose stay with Bank of Ireland? How many leave once the fixed rate expires?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: How long does it take? Can people fix again in advance of coming off a fixed rate?

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