Results 8,821-8,840 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: I am conscious of the time and many other members wish to contribute. There are the challenges of Brexit for the bank's own network and the wider Irish economy. There are potentially some benefits to Brexit. Overall, we all acknowledge that we wish Brexit had not happened and that we would be better off if it did not happen. Where do the witnesses envisage the challenges and benefits to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: Mr. O'Keeffe stated the non-performing loan value dropped from €30 billion to €7.8 billion, which is a very significant reduction. Credit has to be given for the reduction. Could Mr. O'Keeffe outline how the €22.2 billion, or thereabouts, has been resolved or taken out of the non-performing loan section, how much involved debt forgiveness and how much involved selling...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: They are down but just not non-performing loans-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: Were the provisions used up or written back? Movement in provisions can happen for many reasons.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: The reduction from €30 billion to €7.8 billion is approximately €22.2 billion, about €12 billion of which was written off. Some has been paid back but a lot has been moved into performing loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: If the €12 billion was written off and the reduction was in the order of €22.2 billion, the difference would be approximately €10 billion. Of that €10 billion, do we know that €6 billion has been repaid and that €4 has gone towards performing loans? Alternatively, has €8 billion gone towards performing loans, with only €2 billion being...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: On non-performing loans, the reduction from €30 billion to €7.8 billion is impressive, but since the bank was 100% owned by the State when this happened, the shareholder, the State, has ultimately taken the hit. I accept and hope the sales of the shares may over time yield a return of 100% or more. The more, the better, but I was intrigued by the question about how it was all...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: Mr. Bourke is now saying the figure is €8 billion. Earlier it was said the provision was reduced from €17 billion to €4 billion, a reduction of €13 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: It is still there.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: The rest represents the write-off.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: Is it actually €34 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: I am only using the figures in Mr. Byrne's opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: Approximately €12 billion was written off or that amount was used up. I have a brief final question. Regarding the head of homes title in various parts of the bank's network, what does the head of homes actually do? Does it basically involve approving mortgages on behalf of individuals-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Gerry Horkan: It is dealing with new mortgage customers and approvals as opposed to actually building homes or anything like it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: The Chairman is very easy to get on with.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: Many issues have been addressed already but I wish to discuss a few points. It is fair to acknowledge national enterprise week and the workbench partnership spaces. My branch in Montrose might have been one of the first to go cashless. Actually, I know that these branches are not cashless. Mr. McLoughlin is shaking his head because he does not like the phrase but they are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: Did that include every direct debit - for example, salary payments? What is the definition of "transaction"?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: I am sorry to cut across Mr. McLoughlin, but were automated direct debits and salary payments not included in the figure in the first instance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: Does Mr. McLoughlin just mean phones or does that number also include iPads and laptops?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: Previously, Mr. McLoughlin attended a committee meeting with Mr. Boucher, whose work with the bank we should acknowledge and who we should wish well in his retirement. I was not having a go at the branch system, but I asked Mr. Boucher whether we were moving towards a cashless society. He felt that we were not and said people liked having cash. The concept now is that people are almost...