Results 21,781-21,800 of 26,228 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Kieran O'Donnell: Is that for the parked capital?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Kieran O'Donnell: Could Mr. O’Sullivan please recap on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Kieran O'Donnell: Is that then processed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Is Mr. Brown stating the provision Ulster Bank is providing has reduced over the last-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: On the issue of strategic defaulters, does Mr. Brown believe this is a factor in the Republic?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: How long has that pattern been happening?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: So, one quarter of those who are in serious arrears are not engaging.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: AIB has told members that its equivalent figure is 20%, while Ulster Bank is stating the figure is 35%, which is 5% of its loan book.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: What percentage of Ulster Bank's customers are in arrears?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Approximately 20% are in arrears and it is 35% of that 20%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: That is approximately 7% or 8%, which is very high. Finally, in the presentation Mr. Brown made reference to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: It is still very high.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Is Mr. Brown surprised by how high it is? What is the relative figure in the North?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: While it is not quite double, there is a significant difference. It is actually higher than AIB's level. The latter bank has put out a figure to the effect that 20% of its customers in arrears are strategic defaulters. Ulster Bank is telling members that it is 35%. Does Ulster Bank have empirical evidence for that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: I welcome the witnesses. I want to pick up on a few points. I want full clarification on the legal aspect. I am looking at quarter two, the figure for which I believe was 4,124. Mr. Brown said that 20% of those have now re-engaged. Were letters sent to all those people and what criteria would the bank use in terms of legal letters being sent out? For instance, in the case of AIB, that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Some people would have got two letters.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Does Mr. Brown regard that as legal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: Of that 4,124, 20% have re-engaged. Therefore, it is about 800 or 900.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: What does Mr. Brown anticipate will be the balance? What will be the process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Kieran O'Donnell: If it transpires that some of those end up as voluntary repossessions or repossessions, what view does Mr. Brown take on the balance of the negative element of the equity?