Results 501-520 of 4,002 for speaker:Rose Conway Walsh
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: Does that mean I can have half an hour?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: I thank the Vice Chairman. The non-performing Irish buy-to-let portfolio is €0.9 billion. How many mortgages and mortgage holders are contained within that €0.9 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: Is that what is being sold off? I am trying to get the details on the €0.9 billion in loans that were sold last year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: That is right.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: Let us have a look at the €0.9 billion. How many mortgage holders were impacted by this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: It is important to examine it so I ask Mr. Mahon to let the committee have the exact number of mortgages impacted by it. Sometimes buy-to-let mortgages can be just dismissed as superfluous but they have a real impact on people's lives, particularly where people bought one or two properties instead of a pension that they were guaranteed at the time. It has affected their entire family loan...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: What is happening is these mortgages are being sold off. I will take one particular example of a vulture fund buying a mortgage for less than €70,000 and then selling it for €170,000, so it made €100,000 straight off. The fees for the receiver and the legal fees take €35,000 from it. Then the vulture fund goes back to the mortgage holder and demands, as happened...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: That is almost 5,000 families which are affected. Our guests refer to dwelling homes but for someone who has one property, it is the same as having a dwelling house because there is an impact on his or her everyday life. I know people who are absolutely distraught at the way they are being dealt with by vulture funds. Once KBC sells off to Goldman Sachs, for example, is that its...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: KBC sold family homes in 2017.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: These people are in real difficulty now with how they are being treated by the vulture funds. All of the banks, including KBC, have a responsibility for that. In repossession cases, KBC charges legal and receivers' fees to mortgage holders.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: KBC goes along with what the courts direct. Will it sell off more mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: Our guests use all the right language in referring to the bank's responsibility to citizens and so on and being concerned about people's vulnerability, but there are people who are absolutely distraught by the way in which they are being treated by financial institutions such as KBC.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: I deal with people all the time who are communicating or trying to communicate with banks and I can tell Mr. Roebben that this is not the case. Of course, KBC will say the same as every other bank that has come before us. What is the difference between buy-to-let and corporate loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: KBC treats buy-to-let loans separately to the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: Corporate loans are just based on-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: Is there, however, a difference between buy-to-let and corporate loans in KBC's distinguishing between them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: How much profit did KBC make last year on its Irish operation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: No, last year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: How much corporation tax did KBC pay last year?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Rose Conway Walsh: How much corporation tax?