Results 7,501-7,520 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: I will touch on a few points that might not have been covered much. It was mentioned that the 2013 figure of €31 billion in non-performing loans had been reduced to €9.2 billion by the first quarter of this year. Some of that was due to repayments and write-downs. Is there a breakdown of how the bank got from one to the other?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Some of those loans were restructured or repaid.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Do they give any idea of what the write-downs amounted to?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Some loans have been cash recovered, some have been restructured. Will Mr. Byrne provide a breakdown or analysis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Some of that is debt still outstanding but performing, some of it was cash recovered and some of it has been written off because there was no hope.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Will the witnesses be able to provide us with the details?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: I accept that, but these are the figures from the witnesses' opening statement.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: How many vacant properties are in the bank's possession?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Are those properties located in every county or are they concentrated more in urban areas or rural areas?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: How many vacant properties are still on the bank's books?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Is that AIB and ESB combined?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: I will touch on the Everyday Finance portfolio of May 2018. They were the bank's customers, but the record is fairly dismal. The average balance is €1.4 million, with 800 connections and 3,700 assets, which is approximately 4.5 assets per connection. Will the delegation give us some idea of what was happening? All of these people were loaned money, there were many connections and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Did many of these cases involve speculative land acquisition? Did people who owned successful businesses buy fields believing they would become property developers in time, but then the land value vanished and the loans were still there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Investment in what?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: And banks, including the witnesses', threw money at them.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Mine was not too pejorative a phrase.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: I will just make a couple more brief points. As many as 500 people deal with trackers, 1,500 people work on NPLs on a case-by-case basis and there are almost 10,000 staff in total, including almost 1,000 earning between €100,000 and €200,000 and so on. The issues concerning tracker mortgages and NPLs will be resolved. What work will staff be given instead?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: Are contractors included in the figures for staff that were mentioned in the questionnaire?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: I would like a breakdown of the salaries from zero euro to €100,000. We asked for the salary bands starting with zero euro to €10,000, €10,000 to €20,000, etc. Everyone earning €100,000 and over have been lumped in together. I attended a presentation where Mr. Byrne was one of the speakers. On that occasion he referred to Ireland having a noisy...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)
Gerry Horkan: I wonder. I did not get an opportunity to question Mr. Byrne and that is why I have asked him now.