Results 7,281-7,300 of 36,188 for speaker:Pearse Doherty
- 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.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: The company that Bank of Ireland sold the ATMs to does not need that approval. Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: A "period of time", but it is not regulated in the same way in terms of its fee structures because it is not a financial institution. Is that not correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: It is a service provider.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: That is the problem. As banks are packing up sticks in terms of providing access to cash, we are left at the mercy of a company that has given a commitment at this point in time, but we have seen in other jurisdictions the same company charging high fees for accessing cash. Someone who does not have a great deal of money and cannot go to an ATM to take out €300 or €400 but has...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Was Bank of Ireland losing money on the ATMs?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: That is like saying that Bank of Ireland is going to fold because AIB exists. They are in competition and Bank of Ireland should be providing a full service. Where rural Ireland is concerned, I am disappointed that Bank of Ireland closed the branches and then took away the ATM machines. It goes against the grain of access to cash as well as environmental issues. People have to travel on...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: We will not go into the fact that it is not paying tax on those profits. The bank has increased its lending by 7% and its total income from net interest has increased, so it is in a strong financial position for the time ahead. It has increased its market share in the mortgage market because of the withdrawal of other banks. Its personal customer base has increased. It has acquired Davy....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: When will the bank make the decision?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: All bankers keep variable interest rates under review. Is that a fair comment to make?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: This is significant. There has been a record increase of 75 basis points by the ECB. People out there are looking at the winter ahead, the energy crisis and the cost-of-living crisis, and they are thinking about Christmas and wondering whether, if they have a €200,000 mortgage over 20 years, they will pay €800 more in interest to Bank of Ireland. They want certainty but Mr....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Has the board discussed the ECB interest rate increase?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Does Mr. Kelly expect that, at the next board meeting, the ECB interest rate increase will be discussed and options will be thrashed out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: What percentage are on variable rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Bank of Ireland charges the highest variable rate in the market. It is crazily high at twice the European average. In fact, it is 1.8 times the rates of some operators in Ireland. Bank of Ireland is charging 4.5%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: On 90% loan-to-value mortgages.