Results 941-960 of 23,109 for speaker:Paddy Burke

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: The bank, however, has categorised many of these loans, which are fully performing, as non-performing because of a second loan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Is the connection to the second loan in the Central Bank's definition?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Is it the Central Bank's definition that makes them non-performing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: It is the Central Bank, then, that makes that decision.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: The bank has, however, sold off some properties - second homes - if people handed over the keys. Mr. Masding has said that. In some of these cases, where the loans are not performing or there are second homes in respect of which the loans are not performing, where they are paying in full for their primary home but they are not paying for the second one, is it a matter of their not handing...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Has the bank engaged fully at all times with those people who had two properties, say, and where it was offering them the possibility of handing back the second one?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Why does Mr. O'Sullivan think the remaining 50% will not accept the proposal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: Now they find themselves included in a sale. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Paddy Burke: I thank Mr. O'Sullivan.

Seanad: Order of Business (10 Oct 2018)

Paddy Burke: What about retrofitting houses?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: I welcome Professor Lane and his colleagues. I have some brief questions which follow on from what Senator Kieran O'Donnell said. He said there was constructive non-engagement by banks with the customers whose loans the banks believed would be sold to vulture funds. Professor Lane has told us on numerous occasions to tell the customers to become proactive and work with their banks. If...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: We know all of that, but have the delegates found out about the specific point raised by Senator Kieran O'Donnell? Was there constructive non-engagement where the bank felt customers' loans were going to be sold to vulture funds? Have the delegates found out about that and if the banks closed down their work with customers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: Have customers written to the Central Bank of Ireland on this issue to inform it that they have tried to engage with banks and that they will not engage with them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: I said I was continuing on from what Senator Kieran O'Donnell had left off. He referred to constructive non-engagement by banks on mortgages and all other types of loan where there were difficulties in making repayments.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: Is Mr. Sibley is saying there was full engagement between the banks and their customers on all occasions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: The members-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: We know all of that, but all members of the committee have said there were problems in the engagement between banks and customers with problems, but Mr. Sibley has said he has found that there were no such problems.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: We had EBS agents here, as alluded to by the Chairman earlier. Will the report deal with how EBS agents were treated after the takeover of the EBS by Allied Irish Banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: Yes, but quite a number of the banks that were represented here stated they grew their businesses through agents, rather than opening outlets in various towns throughout the country. Therefore, will the report issue a recommendation for banks that are going to employ agents to sell their products in the aftermath of what has happened with the EBS?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Paddy Burke: Irrespective of the commercial dispute between the EBS and AIB, the report will not deal with the specific issue at all; rather, it will sidestep it.