Results 11,641-11,660 of 26,037 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: I accept that. We are dealing with people on a daily basis. Their main concern is that their loans have been sold on to vulture funds or else they fear their loans may be sold on. We understand the long-term solutions. In respect of the proposal submitted to the ECB and the Central Bank, has Ulster Bank identified an element that will involve the sale of non-performing loans to funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: When will Ulster Bank know this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: If Ulster Bank is going from 10% to 5%, has it quantified the number of loans involved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: I do not want Mr. Stanley to repeat-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Has Ulster Bank identified how much of that €1 billion will involve sales to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Is the figure €500 million?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Summer. That is all I need to know. My next point concerns Brexit. Ulster Bank is unique in an Irish setting in that it is one of the four large pillar banks but effectively has a presence in Great Britain, Northern Ireland and the Republic of Ireland. We are looking at Ulster Bank in the Republic of Ireland. Ulster Bank in Northern Ireland is a separate entity and both are subsidiaries...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: What I am more interested in is whether there are any circumstances in which Ulster Bank would become a stand-alone bank from RBS? Are there any situations that could arise in terms of the way Brexit unfolds that would lead to Ulster Bank in the Republic of Ireland becoming a stand-alone bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: I accept that but it is a 100% subsidiary of RBS.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: The final thing I want to touch on is the reference to 88 branches. Have new branches been opened, or did I read that incorrectly?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Is it like a mobile van?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: Is it more like a pop-up bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: It has not come to Limerick yet.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: It is a prime spot.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: On the Brexit issue, I noted that Ulster Bank is participating in the Strategic Bank Corporation of Ireland loan scheme. We allocated a level. How do the Brexit loans work and was has the uptake of Brexit backed loans for customers been?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: I am more interested in the uptake.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: The question I am asking is if Ulster Bank has looked at the Brexit loan scheme, because it is effectively a conduit to get the scheme out. Are there aspects of the scheme that the witnesses would like to see changed, or that are not working? Is it tied into taking on extra staff, or is there a reason the uptake is so low? We are being told there are serious concerns around Brexit and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Kieran O'Donnell: I thank Ms Howard.

Seanad: Statement by the Taoiseach (18 Apr 2019)

Kieran O'Donnell: Will the Cathaoirleach let me know when there is half a minute left?

Seanad: Statement by the Taoiseach (18 Apr 2019)

Kieran O'Donnell: I welcome the Taoiseach to the House here today. It is fitting that we reflect on where we are as a House, as a nation and as two Chambers. The Taoiseach made reference to the 70th anniversary. John A. Costello the year before, in Canada, had declared that we were going to become a Republic and President Seán T. O'Kelly signed the Act into law. Both sides of the political divide...