Results 14,381-14,400 of 26,086 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Is the ECB putting direct pressure on Ulster Bank to get the number of non-performing loans as a percentage down? Has the ECB put a timeline on it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: What is Ulster Bank's internal timeframe in terms of getting it down to the European average, which is just below 5%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Is Ms Howard saying that at the end of 2018 or shortly thereafter, Ulster Bank made a submission to the ECB or the Central Bank here as to what its plan over the next 12 months is regarding dealing with non-performing loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: When would that have gone in?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Within that, what has Ulster Bank put forward for the current year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: 2020.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: I accept that. We are dealing with people on a daily basis. Their main concern is that their loans have been sold on to vulture funds or else they fear their loans may be sold on. We understand the long-term solutions. In respect of the proposal submitted to the ECB and the Central Bank, has Ulster Bank identified an element that will involve the sale of non-performing loans to funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: When will Ulster Bank know this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: If Ulster Bank is going from 10% to 5%, has it quantified the number of loans involved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: I do not want Mr. Stanley to repeat-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Has Ulster Bank identified how much of that €1 billion will involve sales to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Is the figure €500 million?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Summer. That is all I need to know. My next point concerns Brexit. Ulster Bank is unique in an Irish setting in that it is one of the four large pillar banks but effectively has a presence in Great Britain, Northern Ireland and the Republic of Ireland. We are looking at Ulster Bank in the Republic of Ireland. Ulster Bank in Northern Ireland is a separate entity and both are subsidiaries...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: What I am more interested in is whether there are any circumstances in which Ulster Bank would become a stand-alone bank from RBS? Are there any situations that could arise in terms of the way Brexit unfolds that would lead to Ulster Bank in the Republic of Ireland becoming a stand-alone bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: I accept that but it is a 100% subsidiary of RBS.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: The final thing I want to touch on is the reference to 88 branches. Have new branches been opened, or did I read that incorrectly?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Is it like a mobile van?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Is it more like a pop-up bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: It has not come to Limerick yet.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: It is a prime spot.