Results 21,821-21,840 of 26,228 for speaker:Kieran O'Donnell
- 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 has not done so. In the context of the 3,164 that were restructured, Mr. Boucher has not provided a breakdown in terms of the provision of split mortgages, cash flow assistance-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: It is unsatisfactory.
- 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 am taking seven minutes. I am pleased that Bank of Ireland has an operating profit, but to cut to the chase I am dissatisfied with what has happened this morning. Mr. Boucher is not facilitating the committee to enable us to do the work we are supposed to do, that is, to examine the position in quarter two and see exactly the type of sustainable solutions and offers the bank has made....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: With due respect-----
- 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 realise that, but I have limited time and want to keep it in ordinary layman's language. Mr. Boucher has referred us to page 15 and the residential mortgages heading, which is what we are looking at. The number of accounts in arrears for more than 90 days to which this applies is 3,603. Of these, 1,406 are full interest accounts. That does not fall within the terms of looking at...
- 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 have two quick questions. Will Mr. Boucher provide us with a breakdown of the 3,164 figure? I believe we are entitled to it now and that the public is entitled to it. How does Bank of Ireland define the legal process? Does it mean letters going out and so forth? I believe Mr. Boucher has the make-up of the 3,164 figure, but for whatever reason he is reluctant to provide us with it....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: Why not?
- 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 have not come in. Mr. Boucher is required to make returns to the Central Bank in respect of quarter 2. A return would have been made which included the detailed breakdown we seek. He is aware that AIB provided us with a breakdown yesterday. He is also very experienced. I would have thought the return filed with the Central Bank is on his files. To make it straightforward, I ask him to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: He has the detailed breakdown.
- 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 ask Mr. Boucher to condense them slowly for us in respect of the 3,164. I suspect he can do that quite easily.
- 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 would say he can do that in the next five minutes and then we can get on with our business.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: With respect, Chairman, I think Mr. Mason will provide us with that information.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: Sorry.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Kieran O'Donnell: Will the witness recap the figures?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Kieran O'Donnell: I have a quick question to wrap up. Mr. Duffy spoke about the tracker and variable rate mortgages. I am glad to note AIB made €162 million of operating profit before provisions, etc. What percentage did the tracker mortgages contribute to that profit because AIB's deposit-to-loan ratio is not too far off 100%? How is AIB able to fund the tracker mortgages to make a profit?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Kieran O'Donnell: Effectively, it is a weighted cost, including ECB funding, that is bringing it down. Returning to Mr. Duffy's point, am I correct in saying that under the insolvency procedure, when it is secured debt, a personal insolvency practitioner is appointed and 65% of the creditors must agree to the arrangement? With the unsecured debt, I thought there was some provision that 50% of the unsecured...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Kieran O'Donnell: It is a slightly different point.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Kieran O'Donnell: The only issue that will arise is with the credit unions. That is the point.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Kieran O'Donnell: On a final point, it has been reported in the media that where a person enters into a personal insolvency arrangement and the house is sold for a higher value than the arrangements in place, within a 20 year period the banks would look to regain some of the said proceeds of the house. What view is AIB taking on that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Kieran O'Donnell: The Chairman had better put his other hat on.