Results 11,441-11,460 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: How much did Ulster Bank get for that gross debt?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: What was the total level of loans in the restructuring group?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Would it be reasonable to say that it was probably in the order of €16 or €17 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Of the €14 billion, would it be unreasonable to say that the discount was of the order of 50% or more?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: From the point of view of the ordinary person looking at these proceedings and the small and medium enterprise, SME, Ulster Bank has a very strong presence in Limerick, where I am from, and it would be fair to say that Ulster Bank would have been pushing SME lending, particularly among the farming community and among SMEs. It would have had a reasonably good track record and brought some...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Would Ulster Bank have got that in writing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Was there a line in the agreement between Ulster Bank and the vulture funds that upheld the rights of the SME's loans to the effect that they would be entitled to the same terms and conditions that were available to them under Ulster Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Did the bank get that in writing from the vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: The bottom line is that the way these people are being treated by the vulture funds appears to be in reasonably stark contrast to the way they were being treated by Ulster Bank. The bank did not get it in writing, legally, that the customers would be treated in the same fashion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Finally, why did Ulster Bank sell virtually the entire global restructuring loan book to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Would it not be fair to say that in terms of the sale of those loan books, some of those were performing loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Mr. Blair does not disagree with that point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Why would Ulster Bank sell on performing loans if they are making a return to the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Good man, Deputy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: Absolutely.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Kieran O'Donnell: What is the Deputy looking for?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Kieran O'Donnell: How many pubs are threatened by the increase in insurance premia?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Kieran O'Donnell: Have any pubs been unable to secure insurance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Kieran O'Donnell: That means more than one in three pubs is having extreme difficulty accessing insurance.