Results 6,081-6,100 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: Now we know why Mr. Mahon was brought in.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: To be fair, KBC's opening statement says that it will not transfer PDHs to vulture funds and it is managing it out in a way that some other banks have not been doing. That is to be commended. The question was why was that the case. On question No. 8, there are 58 legal proceeding proposals and 39 receiver proposals. Why is that the case there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: In that case, would a receiver not be appropriate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: I acknowledge Mr. Mahon's remarks on KBC's role in the tracker mortgage examination. Where do things stand? Is every case resolved? There are probably a few customers the bank cannot track down.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: How many cases are included in that 4%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: KBC has about 17,000 trackers out of about 71,000 home loans. That is about 24%. Most banks were at 40%. Is the reason for the lower figure that there were fewer tracker mortgages offered in the first place or had the bank managed to get people off the trackers? Why is KBC's figure below the industry average?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: It just did fewer trackers than most lenders at that time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: I thank Ms Deering. I will leave it there.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: We are trying to multi-task.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: The Senator can have as long as I give her.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: I would like to tease out the same point. Are there no court costs whereby the bank has to put up fees? From Senator Conway-Walsh's questions and the answers given, I assume that when the bank goes to court it looks for somebody to be evicted, which is the only term for it, because he or she has not been compliant with the agreement the bank has had. I presume the bank must put up fees and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: Are there are costs involved in engaging the registrar?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: The bank is not charged for those services.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: Is Senator Conway-Walsh finished?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: Deputy Michael McGrath was making the point that, relatively speaking, these are the older customers who have broken the back of their mortgage. While they should change as the saving is available to them and while all they have to do is get a valuation-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: -----for most of these people it is no longer the biggest thing in their lives. It would be a much bigger saving if it were a new mortgage, which on average would be €1,400. It could also be €4,000 or €5,000 if the amount outstanding is in excess of €80,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: That is no problem. It was good of the Deputy to come in.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: Is it correct to say that the main reason KBC made a profit last year was due to the write-backs and that without the write-backs the bank would not have made a profit on an operating basis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: Without that the bank would have been down to approximately €51 million?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)
Gerry Horkan: We addressed a little of that already, but the Deputy is very welcome to continue.