Results 5,021-5,040 of 10,120 for speaker:Jim O'Callaghan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: What is the justification for Bank of Ireland charging a variable interest rate of 4.5% when we look at the other participants in the market, none of which charge more than 4%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: Mr. Kelly mentioned earlier that 10% of mortgage customers have variable rates. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: In terms of the recent announcement by the ECB, I am conscious that Mr. Kelly is not going to comment as to whether or not that is going to be passed on to customers, and hopefully it will not be. However, if the bank is charging 4.5% as a variable rate at present, I would have thought it would be astonishing if it increased that further in light of the recent changes from the ECB.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: One of the unusual things about rates is that when market rates are expected to rise, as they are now, we generally expect the fixed rates to be higher than the variable rate. Does Mr. Kelly agree with me on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: The competitiveness of Bank of Ireland's fixed rates makes it all the more surprising that it charges a variable rate of 4.5%. Can Mr. Kelly understand the point that is being made?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: Does Mr. Kelly think the Bank of Ireland offer of cashback to prospective customers plays a significant part in attracting business in the mortgage sector?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: If we look at Bank of Ireland's five-year rates, it offers a fixed rate high-value mortgage rate at 2.5% with no cashback and then the regular five-year fixed rate is at 3% but with €9,000 cashback. I can understand the immediate attraction of the €9,000 cashback but will the bank inform a customer of how much extra they are going to be paying on their mortgage if they avail of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: In the letter, is it spelled out comparatively so the prospective customer will be informed as to the cost if they go for the high-value mortgage and the cost if they go for the cashback option?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: I am not asking Mr. Kelly to commit to this but I think it would be more helpful for customers if they were apprised at an early stage in the correspondence as to the extra amount they are paying if they go for the cashback option. That is a comment and he does not need to respond to it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: Is it correct that Bank of Ireland has agreed to buy the entire performing mortgage book from KBC.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: Of course, KBC customers did not get cashback but they will face the higher mortgage rates that Bank of Ireland charges existing customers. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: But they were subject to the terms and conditions that they had with KBC. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: That allows the new lender, namely, Bank of Ireland to increase the rate. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: Does Bank of Ireland have any plan to end cash services in branches or to close further branches in the near future?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Jim O'Callaghan: I was not a member of this committee in April 2019. We had the same Chair and some other members were on this committee then. When AIB was before the committee at that stage, it consistently denied that the 6,000 prevailing rate customers were entitled to tracker mortgages. They were simply deemed not to be impacted and there was a simple admission of a service failure. Has AIB's view...

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Payments (13 Jul 2022)

Jim O'Callaghan: 363. To ask the Minister for Employment Affairs and Social Protection the reason that social welfare recipients who are moving their bank account are required to provide a PPS number in order to receive their children’s allowance; and if she will make a statement on the matter. [38437/22]

Written Answers — Department of Health: Prescriptions Charges (13 Jul 2022)

Jim O'Callaghan: 536. To ask the Minister for Health if the abolition of prescription charges for persons with long-term medical dependency will be considered in the forthcoming Budget; and if he will make a statement on the matter. [38429/22]

Written Answers — Department of Health: Disability Services (12 Jul 2022)

Jim O'Callaghan: 99. To ask the Minister for Health the number of people with disabilities that have benefitted from the changes to the medical card assessment process that took effect in December 2018; and if he will make a statement on the matter. [37556/22]

Written Answers — Department of Health: Disability Services (12 Jul 2022)

Jim O'Callaghan: 168. To ask the Minister for Health the main improvements in the provision of health services and entitlements for people with a disability over the past two years; and if he will make a statement on the matter. [37555/22]

Written Answers — Department of Health: Vaccination Programme (12 Jul 2022)

Jim O'Callaghan: 932. To ask the Minister for Health when Covid-19 vaccines will be again offered to persons in the 60 to 65 years age group; and if he will make a statement on the matter. [37605/22]