Results 9,541-9,560 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: I just want to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: -----just return to the issue of the earning per share there that Deputy Phelan raised with you. Would it be fair to say, just as an outsider, who may be analysing a bank's performance, that the earning per share that a bank would be delivering would be a key performance indicator by which investors might actually judge the relevant attractiveness of a company as an investment opportunity?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Top of the pyramid, you reckon, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Okay. So in that regard, was it your view that the levels of earnings and the ... in earning per share growth targets set by the board, given the maturity of the market, what was your view on that? You were setting quite significant targets as to what the return should be in this, which would be attracting investors.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: And was the earning per share in terms of how the dividend would be arrived at, was that driven or did it have a reliance on the property and construction lending that AIB were engaging in? How related or relevant would it have been to that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Okay, thank you. Deputy Joe Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Deputy, I'm going to have to allow time for a response as well for the questions made.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Last question, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Deputy, ask your questions, please, because you're going to run out of time and the Deputy won't have time to respond.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Deputy, you're completely and totally out of time, and I need to come back to a question now that we need to ask, which is related to this. And that is the appropriateness or the credit policies operating ... because the grow-fast model ... or whether a sustainable model is in place, a bank will always want to be profitable and the ... as does any other business ... and to do that it has to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: I stand corrected.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Mr. Daly, in his testimony to this inquiry last week, gave a testimony as to what he saw the banking model actually was, and, as has been stated here this morning, when the whole thing came crashing ... the debt for AIB, regardless of any other bank's behaviour, was approximately €20 billion. And I'm asking you to comment upon Mr Daly's testimony when he says:While internal bank...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: In fairness, Mr. Sheehy, that's not the question I'm asking you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: No, no, what Mr. Daly is implying is the exposure that your practice actually created. It's not that you're giving a few bob to an SME here, or a video shop here, or a health club here. What you were doing was giving compound lending into one sectoral area, one loan after another, after another, that led to an exposure. So a developer built the shopping centre, the equity value in that -...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Thank you. Deputy Michael ... Senator Michael D'Arcy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Yes indeed and if Mr. Buckley is aware of it he might wish to give a comment.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: I need you to be specific in your questions rather than ... did someone tune in last week then open up a line of questioning. So follow a line of inquiry please, Senator.