Results 7,281-7,300 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: I wish to address NPLs, which constituted a significant component of the opening statement. I presume the figures are fairly depressing from the bank's point of view. They are quite shocking. Some 37% of its overall loan portfolio is non-performing. A significant element of that is comprised of PDHs. Is it €2 billion out of €4.5 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: It is almost half of the bank's entire portfolio. It has not transferred any properties to vulture funds yet. It did transfer some residual balances after properties were disposed of. I know that a suite of options is available. Is KBC Bank Ireland considering looking at NPLs on a case-by-case basis? In instances where it is contemplating selling to vulture funds at a discount of 30%,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Everything is relative.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: On page 1 of the questionnaire, there was a reference to the total number of mortgages or private dwelling home, PDH, mortgages that were reported as in arrears of more than 90 days as 3,385.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Page 3 states that various voluntary and legal surrenders total 1,555, 11% of the total distressed portfolio. What is that 11% of? It is not 11% of 3,385.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: The 3,385 excludes the Central Bank definition of non-performing loans, NPL. KBC Bank has a different definition for those 3,385.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: KBC Bank is using the Central Bank's definition of NPL for the 11% but not the 3,385?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: I was losing track of the numbers a little. With regard to the legal proceeding proposal on page 3, does 921 refer to 921 houses or dwellings that KBC Bank has permission to take back?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: The witnesses are looking for repossession of 921. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: That is of PDHs and buy-to-lets.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: There are potentially 921 properties-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Approximately 1,000. Are they situations where as far KBC Bank is concerned, it is at the end of the road?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: How many came out of the court process?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: So another 70% are still refusing to engage? When Mr. Mahon says they are not engaging, are they just not responding to anything?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: Does KBC Bank send people into the field to look at houses to see if they are still occupied or half-derelict?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: The 30% Mr. Mahon is speaking about are the 30% of the original 1,000 we are referring to here.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: These are the March 2018 figures. Are the 30% in that figure or is that the figure after the 30% has been removed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: There are still approximately 700 dwellings about which KBC Bank cannot get any engagement.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: That is despite the fact that the bank knocks on their doors. They are not complying at all. What ultimately happens to those people?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Gerry Horkan: How long does that generally take?