Results 10,061-10,080 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: The bank's branch network currently numbers 77 branches. Is Mr. Masding happy that the network will continue at that size into the future? We had a discussion with another bank last week during which we spoke about cashless branches and reducing the amount of human interaction. It was suggested that some branches will only be viable as machine operations as opposed to human interaction...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Has Permanent TSB gone the way of other banks in terms of removing all tellers from branches?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Is it likely to do that in the future?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Some banks have stopped dealing with cash, in the sense that they are not taking cash at their counters. They have lodgement and withdrawal machines and-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Will it still have people in the branches who will-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: The bank has written back some of its provisions. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Mr. Masding referred to the fact the bank is not fully cleansed. I assume that the provision has been written back because it is excessive or is now unwarranted. There is still a provision there but the bank has written back some of it because it is not all required any more.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Or the property value has risen so the loan book has improved.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: I know the loan book improves because the property has risen. Is it not because the performance of the loans are being better paid off or the arrears are lessening? We have seen figures to suggest same.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Part of it is the performance of the book. Part of the provisions are being written back purely because the property market is improving.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: There is a perception that with the depth of the crisis the banks did not want to move people out of property and sell property because there was no-one to buy it and the values were so low one would not want to. Clearly the bank's figures suggest that it is not out, as property values increase, to get people out of properties and to sell the properties either with vacant possession or with...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: Effectively, there were 36 properties last year and 18 properties this year repossessed in terms of the bank's entire loan book.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: The bank is like a long-term mini-NAMA in terms of realising the properties slowly over time but ideally keeping as many people in their properties as is possible.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: In April 2015 the IPO value was €2 billion but it is now valued at somewhere between €1.1 billion and €1.2 billion per the questionnaire responses. To what does the delegation attribute the almost 50% drop in value?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: My final point is on the Central Bank's restrictions on property lending. The restrictions have been talked about a lot in terms of whether they should be relaxed. What does the delegation think about the restrictions, particularly in terms of the Dublin area because that is where they hit the hardest? An argument can be made that the restrictions have depressed or maintained property...

Seanad: Planning and Development (Housing) and Residential Tenancies Bill 2016: Second Stage (16 Nov 2016)

Gerry Horkan: I thank the Minister. I was fortunate to be in Dún Laoghaire-Rathdown on Monday when the Minister launched a new housing scheme in Kilternan. As a councillor, I voted on the matter in a Part 8 decision in 2007. That shows that the development and delivery of Part 8 projects does not happen immediately. I want to put on the record that everything the Minister is doing is...

Seanad: Planning and Development (Housing) and Residential Tenancies Bill 2016: Second Stage (16 Nov 2016)

Gerry Horkan: I would imagine that concerns the process, rather than the decision. I am concerned, as somebody who lives in Dún Laoghaire-Rathdown, an area that is 5 miles wide and 8 miles long and where, as the Minister pointed out, the average house price is €200,000 more than the next highest average house price of any of the other 30 local authorities in Ireland. I am not sure that if...

Seanad: Order of Business (15 Nov 2016)

Gerry Horkan: I congratulate Senator Feighan on the birth of his new baby girl, Francesca, on Saturday, 12 November. It happened to be my birthday, so it was a particularly good day as far as I was concerned.

Seanad: Order of Business (15 Nov 2016)

Gerry Horkan: I have. I asked whether it was in order because we had congratulated someone on getting married. I did not realise that this matter was not, so apologies if that is the case.

Seanad: Order of Business (15 Nov 2016)

Gerry Horkan: I have another couple of points.