Results 641-660 of 4,787 for speaker:Aodhán Ó Ríordáin

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Global Taxation Architecture: Discussion with Director of the OECD Centre for Tax Policy and Administration (23 Jul 2013)

Aodhán Ó Ríordáin: It could be called double Dutch.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Aodhán Ó Ríordáin: I have two main topics. I will come to Priory Hall later, but my main question is on variable interest rates versus tracker mortgages. Last April-May the ECB reduced its interest rates, but this was not passed on to customers with variable interest rate mortgages. Then there was a 0.4% increase for AIB customers with variable rate mortgages and a 0.25% increase for those in EBS. I said in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Aodhán Ó Ríordáin: Has Mr. Byrne calculated within that the damage an interest rate increase of that nature would do to impaired loans or distressed mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Aodhán Ó Ríordáin: I look forward to quoting that next year, when I hope Mr. Duffy will have been proved right and I will have been proved wrong. With regard to Priory Hall, I reiterate that so many families are clinging to every word that is being said by people in the banks, so I will give the witnesses the opportunity to say what they want to about Priory Hall as carefully as they can. When the residents...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Aodhán Ó Ríordáin: Before giving the witness the chance to answer, I make the point that the families have said this bank has been more positive in dealing with this issue than any other. That is not saying much but it is saying something.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Aodhán Ó Ríordáin: Does that include EBS?

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

Aodhán Ó Ríordáin: I welcome the witnesses. I will focus on three elements, namely, the performing loan book, Priory Hall and Bank of Ireland's branch consolidation or opening of new branches. In a point I also raised yesterday regarding the performing loan book, I note Bank of Ireland's statement that 89% of loans are performing. In a way, that tells a lie because many people in that category are struggling...

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

Aodhán Ó Ríordáin: I will come back to the other ones.

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

Aodhán Ó Ríordáin: I have not yet asked a question on Priory Hall. However, on the variable interest rate, yesterday AIB stated it did not envisage any increase in the next 12 months. Can Bank of Ireland also give that assurance?

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

Aodhán Ó Ríordáin: Yes, on variable interest rates.

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

Aodhán Ó Ríordáin: Members had a reasonably constructive conversation about Priory Hall with AIB yesterday. I made the point yesterday that while this is not saying much, its residents state that AIB is the better of the banks with which to deal. AIB spoke about positive solutions, new homes and dealing with each individual resident on its books in the next number of weeks. What is Bank of Ireland's position...

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

Aodhán Ó Ríordáin: Bank of Ireland has made contact with these eight account holders. How frequently has it made contact with them?

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

Aodhán Ó Ríordáin: Were Bank of Ireland to contact them with the type of language used by AIB yesterday, they might be more willing to talk to the bank because AIB is now talking about positive solutions and new homes in the next number of weeks.

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

Aodhán Ó Ríordáin: Which will lead to what?

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

Aodhán Ó Ríordáin: I refer to the resolution of what is a particularly unusual situation.

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

Aodhán Ó Ríordáin: With respect, considering what members were told yesterday and the "generosity" then on offer regarding this particular situation, yesterday they were given a sense of hope, vision and understanding as to how quickly and positively this situation can be resolved.

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

Aodhán Ó Ríordáin: I hope Bank of Ireland does. However, if I may finish the question, I am not getting any sense from Mr. Boucher that Bank of Ireland has any solution, positive or negative, in mind. Mr. Boucher is just talking about a process and while everyone knows there is a process, I wish to ascertain what Bank of Ireland considers to be a reasonable outcome for these families who obviously are under...

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

Aodhán Ó Ríordáin: Mr. Boucher already stated that. However, I wish to know to what is Bank of Ireland open.

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

Aodhán Ó Ríordáin: I am a little disappointed with the vagueness of Mr. Boucher's responses. I do not get any sense of imagination as to how he thinks he can give a sense of hope, considering what the joint committee heard yesterday.

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

Aodhán Ó Ríordáin: While not much time remains to me, my last point pertains to branches.