Results 21,801-21,820 of 26,228 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: In essence, there is debt write-off within the bank.

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

Kieran O'Donnell: I refer to a number of points Mr. Brown made in his presentation. He stated that the bank's level of arrears provision has gone down, which is the opposite of the position in the other institutions that have come before the committee. Will Mr. Brown explain to me the reason that is the case? Mr. Brown spoke about operating in the North and operating in the South.

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

Kieran O'Donnell: He appeared to give the impression in his presentation that on similar type loans, the reaction of the mortgage holder is different. Will Mr. Brown explain that? It appears to go against current trends and I wonder about the reason 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: In that time, how much has the bank written off in terms of write-offs and in terms of mortgages?

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

Kieran O'Donnell: Okay.

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

Kieran O'Donnell: In the past year, how many houses has the bank repossessed?

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

Kieran O'Donnell: Regarding the 74 voluntary repossessions, has the bank sold those houses or kept them in stock?

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

Kieran O'Donnell: The bank has not got to the point where it is doing a write-off on that.

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

Kieran O'Donnell: Will Mr. Brown tell me about the position in the North relative to the South?

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

Kieran O'Donnell: Some 1,500 letters went out in the case of the 3,103. What was the profile of the people to whom the letters were sent? AIB's representatives said yesterday that the letters were sent to people who had not made any repayments for three years. The witness went through the breakdown of the 3,103 very quickly. Can the witness outline the profile of the 1,500 and give the breakdown? I know...

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

Kieran O'Donnell: On the 3,164 figure, is it fair to say that well in excess of 50% of that is made up of a combination of interest and reduced payment? Is that a fair comment? If I conducted a pro rata exercise based on what the witnesses have said, the full interest would be approximately 40% and the reduced payment would be greater than 50%.

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

Kieran O'Donnell: So over 50% of it is made up of-----

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

Kieran O'Donnell: My time is limited. Without information relating to the figure of 3,164, we cannot do our work. I believe the bank has access to that information and obtaining it would involve nothing more than Mr. Boucher e-mailing a request to someone in his office. We could then get on with our work. Consideration should be given to doing that now. What is the position with regard to the legal process?

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

Kieran O'Donnell: No, I am interested in Q2. That is what we are here for and the figure for it is 3,103. Mr. Mason provided that earlier.

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

Kieran O'Donnell: So 1,500 legal letters were issued.

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

Kieran O'Donnell: And the balance?

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

Kieran O'Donnell: If Mr. Boucher can provide a breakdown in respect of the 3,103 cases to which I refer, he can also provide one in respect of the 3,164 mentioned earlier.

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

Kieran O'Donnell: I think Mr. Boucher could gain access to them - if the will was there - by sending a very quick e-mail.

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

Kieran O'Donnell: Mr. Boucher provided a breakdown to the end of July in respect of restructured loans. How many loans were fully restructured to the end of July?

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

Kieran O'Donnell: However, Mr. Boucher has not provided a breakdown to the end of June. He provided a global figure of 3,164 but did not supply a breakdown in respect of it.