Results 11,681-11,700 of 32,892 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Legislative Programme (14 Dec 2017)

Paschal Donohoe: At this point I have no plans for a second Finance Bill as part of the Budget 2018 process.

Written Answers — Department of Finance: Revenue Commissioners Data (14 Dec 2017)

Paschal Donohoe: I am advised by Revenue that it reports on the tax debt as at 31 March each year. On 31 March 2017 the total outstanding debt was €1,944m. However, this figure included €1,105m of debt under appeal to the Tax Appeals Commission and €83m of insolvency debt.  The remaining €756m is regarded as a more accurate indicator of the actual debt that was available to...

Written Answers — Department of Finance: Central Bank of Ireland Staff (14 Dec 2017)

Paschal Donohoe: It was not possible for the Central Bank of Ireland to provide the information sought in the time available and, therefore, I will make arrangements to provide the information in line with Standing Orders.

Written Answers — Department of Finance: Small and Medium Enterprises Debt (14 Dec 2017)

Paschal Donohoe: I have been informed by the Central Bank that as set out in the Business Credit and Deposits statistical Table A.14.1, available on the website of the Central Bank, the level of outstanding SME debt as at end-Q2 2017 is €27,504 million. The latest data on the share of outstanding SME loan balances in default (i.e. default rate) across the main economic sectors, and across...

Written Answers — Department of Finance: Central Bank of Ireland Data (14 Dec 2017)

Paschal Donohoe: The Central Bank of Ireland has imposed fines greater than €100,000 on a number of regulated financial service providers over the past three years. T here were four such fines in 2015, seven in 2016, and five in 2017 to date. T hese are detailed in the following table provided by the Central Bank: Financial Institution Year Fine 1 Intesa Sanpaolo Life dac 2017...

Written Answers — Department of Finance: Departmental Staff Data (14 Dec 2017)

Paschal Donohoe: I wish to inform the Deputy that the structure of the Department of Finance has changed over the years and I am answering the Parliamentary Question as per the structure of the Department now. The staffing levels in the Department of Finance by Division in 2017 (as at end Nov.), 2016 and 2015 are set out in the following table as Full Time Equivalents: Division 2017 (as at end Nov.) 2016...

Written Answers — Department of Finance: Revenue Commissioners Staff (14 Dec 2017)

Paschal Donohoe: I am advised by Revenue that it had a serving full-time equivalent permanent staff number of 6,015 at end November 2017. Revenue’s 2017 multi-annual budget provides for a serving level of 6,014, the table below provides a breakdown of staff in Revenue by Region/Division. The majority of Regions/Divisions in Revenue are fully staffed within the overall resources available. ...

Written Answers — Department of Finance: National Treasury Management Agency Staff (14 Dec 2017)

Paschal Donohoe: The National Treasury Management Agency have advised me regarding the issues raised in the Deputy's question and have supplied the table below showing the number of staff employed by functional area, staffing levels as at end 2015, 2016 and 2017, the number of vacancies and the average length of time that these vacancies have been open: Summary as at 31/12/2015 as at 31/12/2016...

Written Answers — Department of Finance: Central Bank of Ireland Staff (14 Dec 2017)

Paschal Donohoe: The Central Bank has provided the following tables which outline the staffing levels by functional area in 2015 and 2016, and the staffing levels and open vacancies by functional area in 2017. 2017 Pillar Directorate Active FTE # Open roles Average time to hire (weeks) CENTRAL BANKING CORPORATE AFFAIRS 140.8 14 9.30 ECONOMICS 88.1 5 9.30 FINANCIAL OPERATIONS 87.2 2 7.00 FINANCIAL...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 113 and 114 together. As the Deputy is aware, for operational reasons the loan assets of Irish Bank Resolution Corporation Limited (in Special Liquidation) (“IBRC”) were divided into eight portfolios: Evergreen, Rock, Salt, Sand/Pearl, Stone, Pebble, Quartz and Amber. The Sand portfolio originally comprised 12,702 Irish originated residential...

Written Answers — Department of Finance: IBRC Loans (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 115 and 116 together. The information requested is not held within the Department. The Special Liquidators are in the process of compiling a response to this question which I will forward to the Deputy at the earliest opportunity.? However, at a high level, as the Deputy is aware, for operational reasons the loan assets of IBRC were originally...

Written Answers — Department of Finance: Bank Guarantee Scheme Bond Repayments (14 Dec 2017)

Paschal Donohoe: In response to the Deputy’s question, I can confirm that a total of €4.5bn has been received to date relating to the CIFS and ELG schemes. This includes €0.5bn from IBRC. Proceeds from the sale and redemption of the State’s investments in the banks total €12.6bn (including accrued interest at the date of sale/redemption). In addition, a further...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (14 Dec 2017)

Paschal Donohoe: I have been informed by the Central Bank that it has not issued any guidance to financial institutions on the consideration of evidence of gambling transactions as part of the loan application process. The decision to grant or refuse credit is a commercial decision on the part of a regulated entity that must be conducted in accordance with applicable requirements of Irish financial...

Written Answers — Department of Finance: IBRC Loans (14 Dec 2017)

Paschal Donohoe: I am advised by the Special Liquidators that in certain circumstances there would have been a change in interest rates on commercial loans following their appointment. However, any change in interest rate on commercial loans could only be sanctioned by the credit committee of IBRC. Any such changes would have to be recommended by the case staff before being considered by credit committee....

Written Answers — Department of Finance: IBRC Loans (14 Dec 2017)

Paschal Donohoe: As the Deputy is aware, the ongoing Commission of Investigation in relation to IBRC is investigating all transactions, activities and management decisions, other than those relating solely to the acquisition of assets by the National Asset Management Agency, which occurred between 21 January 2009 (being the date of the nationalisation of IBRC) and 7 February 2013 (being the date of...

Written Answers — Department of Finance: IBRC Loans (14 Dec 2017)

Paschal Donohoe: The following table outlines the number and value of commercial loans (including SME and other commercial loans) as at 7 February 2013: Interest Rate  No of Accounts Balance - €m's <1% 166 399  1% - 1.99% 920 8,658 2% - 2.99% 2,729 7,232 3% - 3.99% 1,568 4,893  4% - 4.99% 392 259  5% - 5.99% 271 391  6% - 6.99% 132 159  7% - 7.99% 67...

Written Answers — Department of Finance: IBRC Liquidation (14 Dec 2017)

Paschal Donohoe: The Special Liquidators of IBRC published a progress update report on 5 May 2017 which provides the status of the liquidation as at 31 December 2016, this is available on the Department of Finance website at .A further progress update will be published in H12018 which will provide the status of the liquidation as at 31 December 2017. The Special Liquidators have advised that there are...

Written Answers — Department of Finance: Mortgage Data (14 Dec 2017)

Paschal Donohoe: Statistics from the Central Bank of Ireland's Residential Mortgage Arrears and Repossessions Statistics: Q3 2017, show that rent receivers were appointed to 390 BTL accounts during the third quarter of 2017; this is down from 430 accounts in the previous quarter and continues the downward trend evidenced in recent quarters. In relation to the State supported banks, the figures below...

Written Answers — Department of Finance: Corporation Tax (14 Dec 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that in relation to Corporation Tax paid by the top groups, data is not yet available for 2017 as the receipts for the calendar year are not yet complete and have not been analysed. The latest available information is in respect of net receipts in 2016. I am advised that the Corporation Tax paid by the top 10 groups in 2016 is...

Written Answers — Department of Finance: NAMA Loan Book Value (14 Dec 2017)

Paschal Donohoe: The most recent details on NAMA's remaining portfolio are available in the Agency's quarterly section 55 accounts for Q2 of 2017.  This report is publically available under the Publications section of the NAMA website. In particular, page 29 of the section 55 accounts details the book value of NAMA's loan assets at 30 June 2017. As outlined in these accounts, the carrying value of...