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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Arthur Spring: Bank of Ireland has more customers put to the cosh than any other bank. That is the fundamental issue I am raising.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Arthur Spring: Yes, but it is dealing with them in a way that allows people to move on with their lives subsequently.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Arthur Spring: We are in this together, not as institutions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Arthur Spring: If Deputy Michael McGrath was first, you should proceed in the order in which you started.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Arthur Spring: Deputy O'Donnell should be next.

Written Answers — Department of Health: Medical Card Eligibility (6 Nov 2014)

Arthur Spring: 184. To ask the Minister for Health the reason a person (details supplied) in County Kerry does not qualify for an EU medical card considering that they previously qualified for an EU medical card; if legislation has been introduced in recent years which disqualifies the person from qualifying for an EU medical card; and if he considers the refusal to award this person an EU medical card is...

Written Answers — Department of Education and Skills: School Staffing (11 Nov 2014)

Arthur Spring: 470. To ask the Minister for Education and Skills the reason a person (details supplied) was not offered a permanent position considering evidence provided and the appeals process available to the person. [43092/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: I welcome the news that the bank is lending more money, but I will get straight into the detail because of the time restrictions. What level of tier 1 capital does Permanent TSB have?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: Where does the bank hope to get its capital to in order to reduce the cost of its funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: AIB told us that its capital was at 14.8%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: The bank is predicting it but has not yet forecast it. To what level must the bank get in order to make a substantial decrease in the variable rate of its cost of funds - 15% or 20%? Are external banks, for example, RaboDirect, that promote themselves not as vanilla-style banking facilities, but solely as savings facilities, a threat? Three years ago, An Post was in a position to provide...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: Mr. Masding is optimistic.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: I will address the net interest margin of approximately 88 basis points. I presume this is the blended for all amending-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: What would it be for mortgages alone?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: Surely the bank examines its different sectors and knows how profitable each is.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: Is this where mortgages fit?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: Does Mr. Mitchell think they are above 1.21%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: That is the net margin. I would have presumed Permanent TSB would have had this information available.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: I apologise but something significant was happening in the Chamber and I got dragged away.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: This has increased from 1.78% to 3.7%.

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