Results 11,361-11,380 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Is there a breakdown of the average size of a first-time buyers' mortgage in Dublin as compared to one outside Dublin?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: The average was three times earnings. For a typical couple wanting to buy a house for €250,000, the bank will offer three and a half times the combined household earnings.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: If a house costs €250,000 a couple, assuming they satisfy the loan-to-income ratio, would have to come up with a deposit of €28,000, that is €220,000 at 10% and the balance at 20%. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Under the new rules, combined with the Government's first-time buyer's scheme, they would get a rebate of €5,000, equal to €250,000 at 5%. Is that right? Maybe it is a 2% rebate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: I am referring to the bank's own scheme.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Under the EBS brand, 2% would be €5,000 so they would have to come up with a deposit of €23,000.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: I have no doubt that the bank has added up its figures. I am asking about the practical effect. A first-time buyer would have to come up with a deposit of €28,000 and would get €5,000 back from the bank making the net deposit €23,000. Under what is now proposed, they would have to come up with a 10% deposit, €5,000 in cash, and would get a rebate of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: In AIB the deposit is €12,500 and in EBS it is €7,500. How does AIB feel about that? It gives the bank the 10% equity which the punter is providing.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: I am asking-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: No. I am asking what practical difference it will make to the first-time buyer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: The likelihood is that the level of the deposit required by a first-time buyer will probably be halved. Is that fair?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Am I correct in saying that AIB's loan book is approximately €69 billion? Are they all organic loans? Were AIB and EBS the originators of these loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Does the bank intend buying loan books?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Mr. Byrne will be aware that some of the bank's competitors, such as Bank of Ireland, are buying loan books. Is there a reason AIB is not pursuing a similar line?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: When was the last time AIB paid a dividend?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Does AIB believe its return and balance sheet position is strong enough to be in a position to start paying a dividend in the normal commercial sense?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Obviously, that would be critical in the flotation of AIB again.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: When does AIB anticipate it will pay a normal commercial dividend?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: Is it intended to pay a dividend on the bank’s 2016 results?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Kieran O'Donnell: I will put it this way. Is this part of the discussions with the Department?