Results 11,381-11,400 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: When does AIB anticipate these conclude?

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

Kieran O'Donnell: Would it be reasonable to suggest that it would be an objective of the bank’s board that it could be in a position to pay a dividend on the 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: AIB has €69 billion of loans and a provision of €7 billion for losses. That is higher than some of the other institutions’ provision. Why is it so high? It is a phenomenal figure that is the equivalent of the entire budget for the Department of Education and Skills. A breakdown was given with the figure of €3.7 billion relating to home loans. Is that home...

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 between home loans and buy-to-lets in that?

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

Kieran O'Donnell: How much of a loss provision has the bank for private dwellings?

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

Kieran O'Donnell: What is the bank’s target to reduce this and its timeframe to achieve that?

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

Kieran O'Donnell: Was it €17 billion or €19 billion?

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 like to deal in real time.

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 can see the loan book is going down. However, the bank has provision of about 10% of its gross loan book. What target is it aiming to get this down to?

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

Kieran O'Donnell: So, the bank is looking to get it from €7 billion down to €3 billion. Has AIB any intention of purchasing any loan books? Has the board made a decision on selling any of them off?

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

Kieran O'Donnell: AIB will not be selling home 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: Was anything sold over the past year?

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 sold on 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: I revert to the new scheme that is being introduced. On foot of yesterday’s Central Bank announcement, is there a need to alter the loan-to-income ratio of 3.5 times gross income?

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 bank is allowed up to 20% exceptions to the 3.5 times loan-to-income rule. What proportion of the bank's lending so far is an exception and what does the bank expect? Is Mr. Byrne saying there have been no exceptions?

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 bank is entitled to have 20% exceptions. I am asking how many exceptions the bank went with, why it went with those exceptions, what it has learned from going above the exceptions in terms of how it lends and whether there is a need for alteration.

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

Kieran O'Donnell: How many exceptions were there in 2016?

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 do not believe an organisation the size of AIB does not know this figure.

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 Mr. Byrne anticipate AIB will be floated 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: Does Mr. Byrne the sun is shining on AIB at the moment?