Results 11,681-11,700 of 16,369 for speaker:Peadar Tóibín

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Okay. The Chairman may wish to continue with another member and I will come down to the committee room and participate then.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Míle buíochas. I thank the Chairman and apologise for the interruption. The case in point relates to a family who got into arrears during the property crash. They were a customer of KBC and their arrears had an arrangement made for them whereby a good chunk of the debt was warehoused. The family are not rich, by any means. They live modestly and both parents work very hard in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: I refer, for example, to mortgages that have an encumbered element, whether in arrears or where debt has been warehoused. How many people have a similar experience to this family?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: I am looking for a quantification of this issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Ms Howard referred to two of three accounts. What is the total quantity?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Roughly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: The bank might provide that information in a note to the committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: The accounts that are reperforming are not likely to be written down in any element when they are sold on to PTSB. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Has the bank offered those write-downs to customers directly before their accounts have been sold on?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Some of them are being written down to the customer in advance.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: That is a positive.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: I might ask Mr. Jansen about this as well.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: I would like to get an understanding of proportions and figures from the witnesses. I understand that the intended deal with Bank of Ireland is to have a significant write-down element. Is it about €183 million out of a €10 billion loan? If not, what is the figure for write-downs in that intended deal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: The key element is that there are many families, farmers and business people in this country who have invested their blood, sweat and tears in the development of their farms, businesses or homes and when they engage with a particular bank, it will often allow for a write-down of the loan to happen when it is sold on to another financial institution but it will not offer the same deal to the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Is there no write-down to the customer or to Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Is Bank of Ireland taking on a particular loan that has a chunk that was warehoused with the high possibility that the warehoused element will never be paid back and not receiving any benefit for that at all?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: There is a perception among customers that different financial institutions have different cultures in how aggressively they pursue loans. Mr. Jansen has said he expects Bank of Ireland to fit into the same shoes for each of these contracts. Is there any information from the remaining banks that they will commit to upholding the same culture in how these accounts have been treated previously?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: Assumptions for families that are stressed, given they are in a state of flux with the debts that hang over their households, are very difficult.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland (18 May 2022)

Peadar Tóibín: I would be happy to share that. I thank Mr. Lennon for that.

Written Answers — Department of Transport, Tourism and Sport: Road Traffic Offences (31 May 2022)

Peadar Tóibín: 123. To ask the Minister for Transport, Tourism and Sport if she plans to include drugs found in the car of a driver as a reason to impose a driving ban on a driver. [27585/22]