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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: If the €12 billion was written off and the reduction was in the order of €22.2 billion, the difference would be approximately €10 billion. Of that €10 billion, do we know that €6 billion has been repaid and that €4 has gone towards performing loans? Alternatively, has €8 billion gone towards performing loans, with only €2 billion being...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: On non-performing loans, the reduction from €30 billion to €7.8 billion is impressive, but since the bank was 100% owned by the State when this happened, the shareholder, the State, has ultimately taken the hit. I accept and hope the sales of the shares may over time yield a return of 100% or more. The more, the better, but I was intrigued by the question about how it was all...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: Mr. Bourke is now saying the figure is €8 billion. Earlier it was said the provision was reduced from €17 billion to €4 billion, a reduction of €13 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: It is still there.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: The rest represents the write-off.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: Is it actually €34 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: I am only using the figures in Mr. Byrne's opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: Approximately €12 billion was written off or that amount was used up. I have a brief final question. Regarding the head of homes title in various parts of the bank's network, what does the head of homes actually do? Does it basically involve approving mortgages on behalf of individuals-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: It is dealing with new mortgage customers and approvals as opposed to actually building homes or anything like it.

Seanad: Mid-Term Review of Capital Plan: Statements (27 Sep 2017)

Gerry Horkan: I thank the Minister of State. He is very welcome to our new Chamber. It is my first time speaking in it. A fine body of work has been done. I would not mention too much about possession being nine tenths of the law. The Minister might frighten a few people. Those were his words and not mine. I am sure we will be looking forward to going back to our new Chamber-----

Seanad: Mid-Term Review of Capital Plan: Statements (27 Sep 2017)

Gerry Horkan: -----as soon as possible. I welcome the opportunity to speak on the mid-term review of the plan. It was announced with much fanfare in 2015 about the period from 2016 to 2021. We are only one year into it. It is probably not really a mid-term review, but a review of the early part of the term. Unfortunately, the announcement in 2015 did not say much. There was much fanfare but...

Seanad: Visit of Czech Delegation (27 Sep 2017)

Gerry Horkan: I am sure Members wish to join me in welcoming a parliamentary delegation from the Czech Republic led by Mr. Jaroslav Kubera, Vice President of the Czech Senate. He, his ambassador and the rest of the team are very welcome. On my behalf and that of all my colleagues in Seanad Éireann, I extend a very warm welcome to them and good wishes for a very successful visit to Ireland.

Seanad: Visit of Czech Delegation (27 Sep 2017)

Gerry Horkan: I hope my pronunciation was not too bad.

Seanad: Criminal Justice (Victims of Crime) Bill 2016: Committee Stage (27 Sep 2017)

Gerry Horkan: I welcome the Minister of State, Deputy Stanton, to our new Chamber. I welcome all Members as it is my first time in the Chair in the new Chamber. I hope we will get through the 43 amendments relatively briefly. Is Senator Marie-Louise O'Donnell having a difficulty?

Seanad: Criminal Justice (Victims of Crime) Bill 2016: Committee Stage (27 Sep 2017)

Gerry Horkan: I will try to project a little more.

Seanad: Criminal Justice (Victims of Crime) Bill 2016: Committee Stage (27 Sep 2017)

Gerry Horkan: I noticed that myself. I do not know if it comes down to acoustics or that we are a little further away from each other than we might have been previously. I will do my best to try to project my voice and I hope we can get through this.

Seanad: Criminal Justice (Victims of Crime) Bill 2016: Committee Stage (27 Sep 2017)

Gerry Horkan: I am well insulated enough but maybe some other Members are not.

Seanad: Criminal Justice (Victims of Crime) Bill 2016: Committee Stage (27 Sep 2017)

Gerry Horkan: We are only on our second day.

Seanad: Criminal Justice (Victims of Crime) Bill 2016: Committee Stage (27 Sep 2017)

Gerry Horkan: Amendments Nos. 2 and 3 are related and may be discussed together by agreement.

Seanad: Criminal Justice (Victims of Crime) Bill 2016: Committee Stage (27 Sep 2017)

Gerry Horkan: It is amendments Nos. 2 and 3.

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