Results 11,061-11,080 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Alright and then if that's the case, if I'm a manager or a loan officer or whatever I am in whatever branch, am I-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Of course, yes, so and how were the people remunerated then in direct sales?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: The front line.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: On profitability?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: But if ... would people have targets and on-target earnings?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Yes but, individual branch managers didn't have discretion on things like rates, for example?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Well then sure --- they're the ones selling the loans, aren't they?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: What was the percentage growth in lending in your tenure as managing director on property and construction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And what was the contribution-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And what was the contribution of your division in terms of profitability to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So what was that percentage in terms of the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: About 50%?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: The chairman, the then chairman, Mr. Gleeson, told ----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: -----told us earlier that property and construction contributed maybe 10% to 13%, I think, if I am quoting him correctly, this morning-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Of the profit.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay. When targets were being determined, it was being driven purely by profitability, at your level. But that manifested itself in the branch network then.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Yes. In terms of an earlier question there, in terms of anybody getting special deals or situations that it would be outside the norm, I mean the individual discretion of branch managers, how high would that go?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: They wouldn't have one.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: None?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Was there ... would it have been possible for a manager in pursuit of a target to procure a purchaser for land that they were aware was on the market and approve a loan for that amount of money?