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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: There are still options.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: In terms of the 3,600 and the 2,900 buy-to-lets, Mr. Stanley said to Senator Kieran O'Donnell that the bank would be notifying those people.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: Yes, but will the bank be telling them some time before the sale? In other words, will the bank be alerting them to this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: Before the sale is what I am interested in.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: Will the period before the sale be generous enough to allow them either to engage directly with the bank or to otherwise engage with David Hall, iCare or whoever it might be?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: No.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: I understand that, but will those periods of time be generous enough?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: I will come to that now.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: What is the period of time before the sale?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: Mr. Stanley said in respect of the principal dwelling house, PDH, loans that 73% first entered arrears between seven and nine years ago.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: Anyone would respond by saying he or she does not blame the bank for selling them but I would like to drill down a little and ask some more about the 73%. Were they all in arrears for nine years? How many years were they in arrears and for how much?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: I would like to see a breakdown of that figure if Mr. Stanley could provide it, and likewise for the buy-to-lets.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: To give an example, I wish to tell Mr. Stanley about one of his customers who tried desperately to negotiate with the bank. The person thought a deal was done only to find out that was not the case. That is typical of banks, not just Ulster Bank. He allowed a person onto his premises to do a structural survey for what he thought was to be a loan and the sale of the property to him, only to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: I understand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: I hope at some stage in the process that the Central Bank proves itself to the public and that it has the bottle to kick the Irish banks in the ass up and down the country, because that is what they deserve. Senator Conway-Walsh has a query and then we will bring the debate to an end.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

John McGuinness: I thank Mr. Stanley and his colleagues for attending.

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (19 Jun 2018)

John McGuinness: 166. To ask the Minister for Public Expenditure and Reform when a preserved pension will be paid to a person (details supplied). [26288/18]

Written Answers — Department of Health: Primary Care Centres (19 Jun 2018)

John McGuinness: 315. To ask the Minister for Health further to Parliamentary Question No. 109 of 28 April 2016, if the review promised in the reply was completed; if the results of the review will be publicised; if more detail will be given in respect of a timeframe for the provision of an extension to the building and for the appointment of a practice nurse; if the correspondence and the responses to...

Written Answers — Department of Health: Services for People with Disabilities (19 Jun 2018)

John McGuinness: 367. To ask the Minister for Health if transport facilities will be available for day respite centres such as a facility (details supplied). [26586/18]

Written Answers — Department of Health: Services for People with Disabilities (19 Jun 2018)

John McGuinness: 368. To ask the Minister for Health the supports and services provided once a child reaches 18 years of age; and if a review of their social, medical and educational needs will be provided (details supplied). [26587/18]

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