Results 12,661-12,680 of 26,076 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: Have there been inquiries by Revenue of any description?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: Mr. Byrne has said AIB's capital valuation is just short of €15 billion. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: It is trading at 1.1 times book value. Would Mr. Byrne advise the Government to sell some of its stake in the bank because there has been speculation about the matter in this morning's newspapers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: Is it a personal view or the view of the AIB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: What is the expected outturn for AIB in 2017? What does Mr. Byrne anticipate will be its total operating profit?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: Would Mr. Byrne's advice to the Government be to sell?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: My final question is related to tracker mortgages. AIB is making money. Mr. Byrne mentioned a figure of €20 billion, which is well over double the budget of the Department of Education and Skills per annum. It is an astronomical sum. Where is the bank at in the Central Bank's tracker mortgage examination? Where is AIB at in making redress and paying full compensation to the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: Is there a target to be reached by the end of the year?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: It is a clever answer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: Who is the beneficial owner of the AIB subsidiaries in the Isle of Man and Jersey?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: An ordinary person looking at this situation will recognise that AIB group is the beneficial owner and think that he who pays the piper calls the tune. How can an institution say to its parent company and beneficial owner that it will not give information on deposits, many of which, based on the papers, found their way back to AIB Republic of Ireland for its use?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: It makes no sense to an ordinary person looking at the situation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: It is 100% owned by AIB Republic of Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: I welcome the Minister and his colleagues. In the context of when the banks came before him - perhaps this has been reported, why is Ulster Bank so far behind the line? KBC is a much smaller institution. Why is Ulster Bank so far behind the line in terms of the timeframe and dealing with the tracker mortgage issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: My main reason for making that observation is that, with the exception of KBC, the other institutions appear to be trying to rectify the matter much more quickly than Ulster Bank. Ulster Bank appears to be a long way behind. Regardless of whether someone is a customer of Ulster Bank, AIB, Bank of Ireland or any of the other institutions, he or she should not have to wait so long....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: As such, will these directors be there purely on the basis of the State holding shares in the respective institutions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: Will their role differ from that of public interest directors?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: The Minister made a very interesting observation on the interest charged by the banks. He made reference to non-performing loans. It is a new observation in our dealings with the banks. I have two questions. When the banks reach the point at which they have dealt with the non-performing loans, how much difference will that make to the interest they charge relative to European norms?...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: We welcome the great work the Minister has done in meeting the banks in respect of the tracker mortgages issue. How does the Minister regard the current financial state of the institutions in which we are invested?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: Representatives of AIB came before the committee before Christmas. The CEO of AIB expressed the view that selling the State's stake in AIB should be considered. I read the interviews the Minister gave over Christmas. What is the Minister's strategy for the State to divest itself, over a period, of its share in various institutions? Does he have a view or a strategy? As much as anything...