Results 12,321-12,340 of 26,032 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: Of the loans which are valued at €1.5 billion, with what percentage does the bank believe it cannot deal internally?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: As we have been told by the ECB, could the bank come up with a proposal to restructure the loans in order that they could become performing? Will Mr. O'Sullivan take up that point? The ECB is only interested in finding out the percentage of a loan that could be classed as performing over ten, 15 or 20 years, to be called senior debt, with the balance that cannot be paid being classified as...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: Senior and junior debt.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: Is there a point at which Permanent TSB will not go for restructuring? Let me take the example of a €200,000 mortgage. Is it the case that the bank will not go for restructuring below a figure of €100,000, half of the amount being deemed to be functioning on the basis that the 100% provision the bank needs on the balance sheet for junior debt is not sustainable for it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: We went down to the level of €100,000 for senior debt and €100,000 for junior debt. The ECB stated that if a loan of €100,000 was functioning, it was not interested in the period of the loan. As long as the person was in his or her 30s, the term of the loan could be 25 or 30 years. As long as the loan in the senior category was deemed to be functioning, the ECB would...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: If Permanent TSB were to warehouse a proportion of the loan in-house, there might be some possibility of getting that portion of the loan back in future years, whereas if the loan was sold to a vulture fund, there would be no such possibility.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: Could Mr. Masding make the case that the bank’s balance sheet cannot sustain the level of the very difficult cases to which I am referring?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: Does Mr. Masding believe he has a duty to the mortgage holder who bought at peak levels? In terms of the customer charter, surely the bank has a duty to the customer as well?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: Mr. Masding is saying the bank has €2.1 billion in Project Glas and that he expects by the middle of next year he will have dealt with another €1.5 billion in that respect, which will be €3.6 billion in total in terms of non-performing loans, and at that point the non-performing loan ratio would be down to 8% to 9%. Is that his target?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: What features determined the loans went in under Project Glas in terms of loans of €2.1 billion and the loans of €1.5 million that are left over?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: Okay. What remains in the €1.5 billion figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: How many of those does Mr. Crowley anticipate will return to performing loans within the next six months?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: In the €1.5 billion figure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Kieran O'Donnell: I thank Mr. Crowley.
- Seanad: Order of Business (10 Oct 2018)
Kieran O'Donnell: Ten years of experience-----
- Seanad: Markets in Financial Instruments Bill 2018: Second Stage (10 Oct 2018)
Kieran O'Donnell: I thank the Minister of State for coming before the House and I welcome this amending legislation. The Minister of State referred to whole-of-life policies and the fact that the ombudsman will be able to investigate complaints relating to them. Prior to becoming Minister of State, Deputy D'Arcy was a pioneer in this area. I know a man who contributed to a whole-of-life policy and who,...
- Seanad: Markets in Financial Instruments Bill 2018: Second Stage (10 Oct 2018)
Kieran O'Donnell: Next Tuesday.
- Seanad: Business of Seanad (9 Oct 2018)
Kieran O'Donnell: I move: "That the sitting be suspended until 5 p.m."
- Seanad: Budget 2019: Statements (9 Oct 2018)
Kieran O'Donnell: Gerry, Gerry, Gerry.
- Seanad: Budget 2019: Statements (9 Oct 2018)
Kieran O'Donnell: Could Senator Horkan get to the budget?