Results 21,621-21,640 of 26,228 for speaker:Kieran O'Donnell
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: What determines the rate of the dividend paid to the private investors?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Therefore, it is based on the ten year-----
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Can the private investors sell their 51% shareholding in NAMA?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Has any of it been sold to date?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Is Mr. McDonagh surprised that the number of performing loans has dropped below one fifth? As the agency has been up and running for three years, why has this happened?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Effectively, 82% of the loans are not performing.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: NAMA was designed to take over both performing and non-performing loans.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: I have two quick questions on that issue. Does Mr. McDonagh expect the ratio of performing and non-performing loans to improve in the period to 2020? Has it been projected to improve or remain static?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Does Mr. McDonagh expect the taxpayer to obtain a return on NAMA?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: What does that mean in layman's terms?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Does it mean the taxpayer will be on the hook for an additional cost?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Is Mr. McDonagh saying it will break even?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Am I correct in stating the level of impairment to date is approximately €3 billion?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: What does Mr. McDonagh expect the level of impairment to be by 2020? Factoring in the impairment charge, what discount has been applied to the loans transferred from the financial institutions?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: The loan portfolio is approximately €26 billion gross.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: Therefore, the impairment figure is approximately €3.3 billion.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: How will the profile of the impairment coverage rate develop between now and 2020?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: I do not know which hotel he stayed in, but it obviously was not a NAMA hotel. NAMA was established for the purpose of getting credit flowing again, to take pressure off banks' balance sheets and provide a structure to get the economy moving. I will deal in my questions with the reasons for the establishment of NAMA and its achievements to date. I am asking questions from the point of view...
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: The gross loan book could be even higher.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Kieran O'Donnell: NAMA is enormous. On the Irish property landscape it is like an ocean liner with small boats circling around it. I wish to deal with the issue of performing loans. When was NAMA established?