Results 13,061-13,080 of 26,081 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Those are stark figures.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: It is not going to happen overnight. The taxpayer knows that this takes time. However, I find it difficult to understand why the bank went to the market, even tentatively, without having the issue of the split mortgages fully clarified by the SSM.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Why did the bank go to the market before that matter was clarified? That should be a matter for the due diligence of the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: The question I asked is why the bank sought various funds, both inside and outside Ireland, without having the matter of the split mortgages clarified. The split mortgages make up almost a quarter of the loan book the bank is seeking to sell.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: The witness appreciates where we are coming from.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: There are mortgage holders out there who want answers. We appreciate that we need a proper functioning banking system. It is clearly important that Permanent TSB is in the market and is lending, but a balance must be struck. Mortgage holders must be protected in that overall context.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Of the houses the bank has, are 400 vacant?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: As of 22 March, how many vacant properties does Permanent TSB have on its books?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: The bank has 1,900 in total and, of those, over 50%, or 1,000, are vacant.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: It seems an incredibly high number to be vacant.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Some 400 came on-stream in December. The problem is that the further we have gone, the more questions come.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: If the bank has 1,900 houses and 1,000 are vacant, are they for sale?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Are any on the market at the moment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: How many are on the market?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Are they with auctioneers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: We need to get the figures. They are not adding up again. Some 900 are rented-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Fine. Is that out of the 1,000?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: The 400 would be included in that, that came back in December.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: How many properties has Permanent TSB sold to date?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Approximately how many have been sold to date?