Results 1,041-1,060 of 4,002 for speaker:Rose Conway Walsh
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: Since the last time AIB was before the committee, part of it was sold off. I want to get an idea of the state of play with that at the moment. Can Mr. Byrne confirm what percentage of the bank is now State-owned?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: Do sovereign wealth funds currently own part of AIB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: Which sovereign funds are they?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: Do any of them own more than that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: So it is a secret.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: Do the witnesses believe that it was because the bank was sold off so cheaply, it was a State asset which was being sold off, that these foreign funds were so eager to get in and buy our own State asset?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: What percentage was bought by Irish investors?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: Can Mr. Bourke tell us who they were?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: In the months leading up to the sale, or the 12 month period before that, how many loans did AIB sell off to third parties?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: How many households did that involve?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: How does that compare to the 12 months before that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: It was higher in the lead-up to the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: What is now the value of the shares which were bought for €3.4 billion? The overall value of the equity is €13.1 billion. That is 100%. The State's holding is today worth €9.3 billion. The difference between the two is the value of what was sold.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: So the value of the shares which were sold off was €3.4 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: What are they worth today?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: It is €4.80. Somebody has made a tidy profit. Is the bank continuing to sell residential loans to vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: Is it residential loans which the bank will be selling off?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: That accounts for the majority of loans which the bank resolves, but is AIB selling houses that are the subject of non-perfoming loans, in which people are living right now, to vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: Okay. The bank has obviously made projections for the next 12 months. In the next 12 months we can say that AIB will not be selling any non-performing loans.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Rose Conway Walsh: In respect of housing, it is reported that AIB will launch a proposal on housing soon. Is that accurate?