Results 23,061-23,080 of 27,945 for speaker:Michael McGrath
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: On the issue of the business model, will Mr. Masding give us the profile of Permanent TSB's mortgage book in terms of tracker, fixed rate, variable-rate mortgages, etc.? On the issue of the bank plus two, as I understand it, the asset management unit will deal with the arrears.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: Mr. Masding might explain what the non-core business aspect will deal with. On Permanent TSB's welcome initiative with current accounts whereby consumers will essentially not incur fees if they transfer to the bank, what is the strategy? The bank is getting in customers through their current account business. Is it the hope Permanent TSB will develop a mortgage business from these...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: Mr. Masding might explain the offer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: From his or her salary.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: What percentage of new mortgages extended is accounted for by Mr. Masding's bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: What is the profile of the mortgage book in terms of tracker mortgages, etc.?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: I am sorry-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: I am sorry, but Mr. Masding is using my time. That is the problem.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: My time is nearly up.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: What about Permanent TSB's book, in terms of tracker mortgages and the split?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: No, the split of Permanent TSB's total mortgage book between tracker, fixed and variable rate mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: The percentages would be fine.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: Would Permanent TSB's tracker mortgages account for one third to one half of its book?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: I will ask Mr. Masding about the staff pension scheme. I note that the bank has ceased making employer contributions to that scheme. What is the status of the defined benefits scheme that was in place for staff and what are the implications for existing staff, deferred pensioners and existing pensioners in terms of benefits?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Michael McGrath: I welcome Mr. Masding and his colleagues from Permanent TSB. I acknowledge members have received the information they sought, which must be welcomed. I thank the witnesses in that regard. Regrettably, the first question I must ask of Mr. Masding is whether the bank has a viable future. Its arrears rate is quite high and it has quite a high mortgage tracker element to its book. Moreover,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Michael McGrath: The final area I wish to address is the future of the bank in the Republic of Ireland. It is extremely important that the bank is committed to continuing in business in this country to provide essential competition in the SME sector, in particular, but also for personal customers. In that regard, Mr. Brown said in his opening statement that the bank was committed to a future in this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Michael McGrath: I apologise for interrupting but will Mr. Bell clarify if those offers relate to Q2 or are they cumulative? In other words, is that the position as at the end of June?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Michael McGrath: So the 5,172 breaks down as-----