Results 5,261-5,280 of 14,616 for speaker:Dara Calleary
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: I thank the Chairman for facilitating us. I apologise in advance to the delegates as it is Question Time in the Dáil. It will be like Lanigan's Ball today in that we will be stepping in and stepping out. The context of these hearings is the huge frustration still being expressed to us about bank lending facilities and the lack thereof. Even as late as last night, I attended a...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: We often hear that facilitates have been approved, but the draw-down time is elongated and the conditions in drawing down funding approved prove insurmountable. I would like to know the difference between the actual amount approved and the amount drawn down. What is Bank of Ireland doing in the branch network to promote the Credit Review Office? How many applications to Bank of Ireland went...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: Could I just clarify whether that is 50% of the €4 billion?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: I thank the delegation from Ulster Bank. I shall ask a couple of general questions first and then I shall ask some specific questions, particularly on the work of the bank's global restructuring group. Mr. Brown gave figures on lending and stated that €1.2 billion had been set aside for 2014.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: How much was set aside for 2013? How much was approved? How much was drawn down? Is there a difference between the two figures?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: In terms of the budget for 2013, I want a figure for what was allocated and what was drawn down. It is one thing to say that there is approved lending. We have got feedback from businesses that loans are often approved but the drawdown conditions are so unreasonable that businesses do not proceed to draw down. Also, the length of the approval process for drawing down is a major issue.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: Has Ulster Bank had discussions with the Credit Review Office about making it one of the banks included in the credit review scheme?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: With regard to the work of the global restructuring group, Mr. Brown said he had 300 people in Ireland working on issues. Do they work for the group or are they part of a separate operation?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: Mr. Brown was pretty critical of Lawrence Tomlinson, entrepreneur in residence at the Department of Business, Innovation and Skills in the UK. He compiled a report on banking for SMEs in the UK and, in particular, he had a lot of harsh things to say about RBS. Mr. Brown has been very critical of his findings. Have there been any findings within Ulster Bank? It has been suggested that...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: What has the review found to date?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: There is one very high-profile case. His testimony would identify exactly - and replicated exactly what Mr. Tomlinson reported - a matter which was in the public domain before Mr. Brown did his interview with the Belfast Telegraph. Is Mr. Brown saying he is very happy with the way customers are being treated by Ulster Bank? Is he saying he has no difficulties with the work of the global...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: Is there a fee charged for the global restructuring group to work with a company? Is a fee charged for the work the group does with a company on behalf of Ulster Bank?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: I have a general question that I ask every bank. How much has the bank increased its general normal business banking fees over the past number of years?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: Good. Is a fee charged by the global restructuring group assigned to work with the bank's clients?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: Ulster Bank is significantly involved in the hotel sector, as are all the banks. Does the bank have a specific strategy for exiting the hotel sector that will not impinge on the overall industry and hotels that are currently run as good SMEs?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: These are companies within the FSG group. Is it 25% of the 9,000 or are these separate companies? I refer to the companies with which Mr. O'Connor is working.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: Has Mr. O'Connor done a full rearrangement with 25% of those?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: Is debt compromise write-down in layman's language?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: How many of the 9,000 have got debt compromise?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Dara Calleary: I have a number of general questions. Mr. O'Connor said that AIB did €4.3 billion in lending in 2013, or approved €4.3 billion. How much of that was drawn down during the course of the year? What plans does AIB have to increase the draw-down rate? AIB's internal appeals mechanism has a 34% success rate compared to an average of 55% from the Credit Review Office. How many...