Results 1,181-1,200 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: I think it was between 158% and 161% between March 2008 and March 2009, which was shocking. If we take a 160% figure and measure it against the surplus using the 90% figure, the prudential, steady-Eddie bank balance sheet management amount, we will see that the average is 70%. That figure - 70% - is the keel that should have been obtained if things had not gone out of control over seven...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: I would like to say one last thing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: The guarantee that the bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: I ask the Chair to give me one more minute to say one last thing. This is-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: Perhaps Deputy Richard Boyd Barrett will cede one minute to me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: The guarantee was given on the back of false information.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: I told Mr. Patrick Honohan in July this year that the guarantee was voidable as a result.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: Mr. Honohan was very upset because it was true.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: I am setting a scene. We are now fast forwarding five and a half years because that was the court of directors then, and this is the court of directors now. This is key for today's setting and conversation because we can all get lost in the micro-management of the balance sheets, funding and arrears and so on. On page 62 of Mr. Boucher's submission today, look at the court of directors at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: This is totally unfair, and the Chairman knows very well why. Of those mortgage loans, if there are 160,000 clients, call it 150,000, there are about 3 and a half people per loan affected who are living in those houses. That is half a million people. There have been a lot of suicides, deaths and illnesses because of the unreasonable stress. Income, or the capacity to repay, is the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: No, these are a few points. This is to highlight the context, which should be done before coming down to the number-crunching. How much are the provisions on the loan book? What is the total for the group?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: That is very important and I will say why. It is because if the management of the bank messes around with provisions, increasing or them or writing them back depending on the policy on whether or not to write off, and depending on the value in the loan-to-value algebra---- by the way, what is "value"? Where do the values for these properties come from?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: Sorry to interrupt, but does Mr. Boucher believe that the property prices in Dublin have increased by 23% in the last year?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: They are bunkum because they are a very small volume compared to the what the volume of transactions should be in a city the size of Dublin. It is at about a one third normalised level of volume. But if Bank of Ireland allows itself to use that as an index for deciding on whether to write back some provisions, it is doing something that is not quite honest.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: And it is massaging profits at a material percentage level and that is not right either.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: No, sorry, Chairman. One of the directors who was responsible for policy sold out his investment for half a billion euro in June.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: He was an influential director on policy.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: Was it to support the bank? Why did he----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: These are the important questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: Why did the Chairman allow me in at this stage of the meeting, when I was here first this afternoon?