Results 5,721-5,740 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Some €900 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: How much did Project Glas account for?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: In his statement, Mr. Masding states that Permanent TSB will further reduce the proportion of NPLs on its balance sheet over the coming months. Does that mean there will be further sales?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Mr. Masding stated "However, the bank’s residual NPL ratio of 10% remains about three times the European average and we will continue to work to reduce the proportion of NPLs on our balance sheet over the coming months." Does that mean there will be further sales?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: There is a possibility of future sales in order to address the issue of NPLs.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Will the bank use a different method of sale or will it go the Glenbeigh route? Is that now the favoured route of banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: How the bank may dispose of it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Permanent TSB was the first bank to use that structure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: I presume that other banks have looked at that structure and note that it worked out well.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Yes. Mr. Masding went on to refer in his statement to the No Consent, No Sale Bill 2019 brought forward by Deputy Pearse Doherty. At the most recent meeting of the committee, which was an engagement with the Central Bank or Bank of Ireland, I commented that I have never seen so much publicity generated very quickly and that was determined to undermine the Bill. There is support for the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: The bottom-line profit was €5 million and the operating profit was €100 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Mr. Masding was asked about taxes paid. No tax was paid.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: For how many years will that be in operation? Bank of Ireland will have such a regime in place until 2030.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: It will be 18 years before Permanent TSB pays tax. On Glenbeigh and tax, no tax was paid in that regard.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Further down the chain, no tax was paid in regard to Glenbeigh.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Is that because it is a section 110 company?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: That is 5%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: However, Glenbeigh will not pay tax. There is a difference here. If Glenbeigh pays Permanent TSB a dividend or whatever on the 5%, Permanent TSB will pay tax on that, but Glenbeigh will not pay tax.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Permanent TSB created Glenbeigh.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: However, as a section 110 company, Glenbeigh is not obliged to pay tax.