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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: I welcome the members and the witnesses. We are joined today by Mr. Eamonn Crowley, CEO of Permanent TSB, Mr. Patrick Farrell, director of retail at Permanent TSB, and Mr. Kevin Hewston, interim chief operations officer with Permanent TSB. We will hear an opening statement from Mr. Crowley and then we will engage with the members on whatever questions they may have for the witnesses. ...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: I will now open up the floor for questions to the representatives of Permanent TSB.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: I call Deputy Farrell.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: There is a specific issue before the banks now relating to the charging of negative interest rates on client accounts held by solicitors. I understand that is happening right across the banking sector. I ask the witnesses to comment on that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: You are not.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: What authority do branches have when dealing with applications for loans and mortgages or accounts that are in difficulty and finding a solution for them? Are these decisions all centralised or will a branch have a certain level of discretion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: Is the decision made by the branch or is it centralised?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: Okay. The decision-making is centralised.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: How many applications for the SBCI fund has Permanent TSB dealt with up to now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: Very good. It is interesting to hear that because Deputy Tóibín asked about the small builders and the commentary we hear is probably from those who have been refused. It is encouraging that €23 million was drawn down across 112 applications and that the fund is oversubscribed. That is a fair indication of potential economic activity. That is a good thing. I ask the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: How is building affordable and social housing in partnership with housing alliances working out? In the future could that scheme cater for mortgages in distress, or is it strictly for lending to build social and affordable housing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: In the context of the discussion Mr. Crowley has had with Deputy Doherty on the Revolut and N26 models, will Mr. Crowley give us a written submission outlining where the BPFI is going in the context of its platform and the difference between its platform and those used by Revolut and N26? It would give us some insight as to where that is going, what is happening and what the plan is. ...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

John McGuinness: If members are satisfied with that, we have come to the end of our meeting. I thank our guests for their attendance and I wish them well.

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff (17 Jun 2021)

John McGuinness: 137. To ask the Minister for Public Expenditure and Reform the most recent estimate for the cost of removing the requirement for staff in the public service to work additional hours which were introduced on foot of the Haddington Road Agreement in 2013. [32341/21]

Written Answers — Department of Public Expenditure and Reform: National Children's Hospital (17 Jun 2021)

John McGuinness: 149. To ask the Minister for Public Expenditure and Reform if his Department has received a report from the Department of Health on the most recent cost estimate and timescale for the completion of the new National Children’s Hospital. [32342/21]

Written Answers — Department of Agriculture, Food and the Marine: Forestry Sector (17 Jun 2021)

John McGuinness: 402. To ask the Minister for Agriculture, Food and the Marine the status of a tree felling licence application by a person (details supplied); if the application will be expedited given the applicant has provided the NIA statement; the total number of applications that remain to be processed; the breakdown of the length of time the applications that have been in the system by month; the...

Written Answers — Department of Transport, Tourism and Sport: Departmental Policies (16 Jun 2021)

John McGuinness: 70. To ask the Minister for Transport, Tourism and Sport the reason the recording of licences issued to fly drones on a county by county basis was discontinued; if this method of recording will be restored; the number of staff attached to the licensing and the enforcement sections; the number of drone licence operators that have availed of the training for basic piloting of drones out of the...

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Schemes (16 Jun 2021)

John McGuinness: 162. To ask the Minister for Employment Affairs and Social Protection if a person (details supplied) is entitled to the dependent adult allowance based on their contributory pension and the split of savings. [32167/21]

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