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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: What was the figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: Ms McDonagh said to Senator Conway-Walsh that Bank of Ireland paid €21 million in Irish corporation tax. What entity paid that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: I am drawing a distinction between that and the fact that the bank is free of paying tax in the main entity until 2030.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: That deferred figure-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: -----goes out to 2030.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: The tax is being paid by other entities within the bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: It gives the impression the bank is paying tax from-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: I know the bank is paying tax from those companies but there is still the deferred figure until 2030.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: I think I heard Ms McDonagh say the bank has dealt with all the cases to which the tracker issue applies. Are all the cases dealt with?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: A lady called me this morning and told me her family had been with the bank for 40 years. She had issues and got out of it and said that she was impacted by the tracker mortgage issue. She was in tears on the phone because she was not prepared to fight with the bank again and had heard nothing on the issue. Hers must be a rare case.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: There are a couple of cases I will forward to Ms McDonagh because those concerned contacted us today.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: On the figures given to the committee by the bank on court cases and so on, in 2018 there were 1,300 court proceedings initiated. I presume this was on top of the number already in the courts. There were 411 court judgments at the end of 2018. As of today, what is the total number of ongoing proceedings in the courts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: It states they are "initiated". Is it the total in court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: As of now, the figure is the same, 1,317. Do we deduct the number of judgments in 2018 from 1,317 or are the 411 judgments separate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: It is separate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: When possession orders have been obtained through the court system and have gone to the sheriff, is there still room for manoeuvre for the customer, or is the customer closed off?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: Where there is a stand-off between the customer and the sheriff, who has the order for repossession, is the bank still willing to ask the sheriff for some time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: Rather than the repossession.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

John McGuinness: Does the bank have contact with the sheriff? If the sheriff has the repossession order, does the bank have to say to the sheriff it is continuing to negotiate and ask for some time?

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