Results 6,641-6,660 of 35,563 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: It is important that Dr. Hunt takes this opportunity to explain, for people who do not understand the intricacies of banking, that if one passes on that increase of 0.75% for variable-rate mortgage holders -and, potentially, it will spill over into fixed-rate mortgages - his bank will make a profit and be in a stronger financial position. Its profits will increase.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: According to the Central Bank, Ireland's banks get more of their profit from net interest income than any other banks in Europe. Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Irish banks stand to benefit most from these interest-rate increases from the European Central Bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: It means the banks are in a better position to absorb them.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: I will finish on this point because I understand Dr. Hunt cannot make a decision that the board has not made and that he cannot communicate it here, but can I impress on him to make the right decision? His bank should absorb these costs and not increase its profitability, which would be the consequence of passing them on to the customers. The decision should be made quickly. His bank...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Deputy Durkan will pair with the Chair.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: I welcome the witnesses. Mr. Kelly talked about his commitment to 169 branches. How many has Bank of Ireland closed in the last 18 months?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Bank of Ireland did that in the middle of a global pandemic that was affecting customers. Does Mr. Kelly regret that decision to ignore the wishes of Bank of Ireland's customers, given what we have seen with AIB's U-turn?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: There was a global pandemic. People were encouraged, for health-related reasons, to stay at home. They were encouraged not to go out to shops, banks and so on. Bank of Ireland did this in the middle of all that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Will Mr. Kelly give a commitment that Bank of Ireland will not close any of those branches between now and the end of this decade?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: What is the foreseeable future? Is it the next five years? AIB was able to say that it would not do anything that its customers did not want. It gave a commitment in this committee that it would not withdraw cash services.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Why did Bank of Ireland rip the ATMs out of the walls as well? The organisation did not just pack up sticks. It also abandoned communities that rescued it. I live in Bunbeg. Within 800 m of my home, there are three empty buildings that used to house three banks. They are all gone now. Bank of Ireland did not just move lock, stock and barrel. It took the ATM out of the wall as well. It...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Was that because Bank of Ireland wanted to sell the building?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: There was an ATM in the wall. Why did the bank not leave it there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: I will give an example. The other building a couple of feet across the road had an ATM, but AIB did not take it out. Bank of Ireland decided to take out its ATM. In other areas, it took out ATMs with no other ATMs in the villages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: How many ATMs has Bank of Ireland closed in the past five years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: We now have a private company running 75% or 80% of ATMs in the State. Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Euronet.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Bar the 88 that Bank of Ireland ripped out of the walls when it closed the buildings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Bank of Ireland has closed hundreds of ATMs. I believe the number of closures was 500 before it closed the branches, so it is approximately 600 at this point. There is a significant issue here and bankers know exactly what they are doing. If they want to change the fees that are charged for ATM transactions, they have to get approval by the Central Bank.