Results 12,421-12,440 of 26,042 for speaker:Kieran O'Donnell

Seanad: Order of Business (10 Jul 2018)

Kieran O'Donnell: On a more serious matter, the weather is an issue for farmers in Limerick. Extremes of weather are very difficult for farmers and agriculture is a huge element of our industrial and business base. We had extremes of rain not long ago and we now have extremes of sunshine. Many farmers are being forced to do their second cut of silage now because the grass is burning up. While I know time...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: I welcome Ms McDonagh and her colleagues. On tracker mortgages, I recently received a specific query from a constituent of mine who was deemed by Bank of Ireland not to have been impacted on by the tracker mortgage issue. In 2014 he went to the Financial Services Ombudsman and is now being told that he should go to the Financial Services and Pensions Ombudsman, but the Financial...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: The case was heard in 2014 and a decision was made.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: This may be a matter for further investigation by the committee because there is a lacuna such that a person took a case in 2014, prior to the real tracker issue being identified. There may have been a change in how his claim would have been treated. The committee may wish to approach the Financial Services and Pensions Ombudsman-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: I thank Ms McDonagh. Regarding the issue of housing supply, Ms McDonagh stated that the bank had currently funded construction of almost 3,000 residential units and 1,700 student accommodation beds. I am interested in the first figure. Are those units based predominantly in Dublin or throughout the country?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: It is generally agreed that we need to be building approximately 30,000 housing units per annum. The 3,000 figure is 10% of that demand, yet Bank of Ireland is saying that it accounts for 50% of all new lending. Is it fair or unfair to say that that seems to be a relatively low level of lending for the building of houses at a time when we have a major supply issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: I am based in Limerick. Anecdotally, many housing developments are being financed by what are termed "the funds". Ms McDonagh can call them what she wants, but they are funds, not banks. I would like to see more housing developments being funded by banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: It is not healthy for the market that funds are so dominant in the financing of house building. I have seen many developers. It is generally felt that only a handful are being funded by banks. Does Ms McDonagh regard the 40% equity figure that her bank is seeking as conservative? She has not been able to give details about the level of refusals. Has Bank of Ireland a targeted level of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: That is much lower than the bank's overall market share of 50%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: Obviously, it is risk based. Does the bank have a target for residential lending in 2018?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: One of my concerns is that the mainstream banks are effectively, for want of another term, leaving the building of housing units to the funds. That is unhealthy. I would like to see the banks getting more involved. Bank of Ireland's funding of 3,000 units today is not good enough. Ms McDonagh referred to how house prices were well off the peak, but when they peaked, they were way above...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: I have a limited amount of time. We asked the bank to provide details of its proposals on pay and bonuses. On page 19 of the submission supplied, it told us that the group's remuneration committee had recently commenced an engagement process with major shareholders to get their feedback on the adoption of an appropriate executive incentive scheme. Why is that being proposed at this time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: What is the percentage of non-performing loans, NPLs, in Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: What is the target?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: How many billions of euro will that figure involve? What will the level of loans be?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: Does the bank intend to sell loans to funds to achieve that target and over what timescale will that happen? What impact would that have on home and commercial mortgages? Regarding Bank of Ireland's commitment to its branch network, many of its branches have virtually become fully automated. We had a branch-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: Okay. Ms McDonagh might just deal with the questions on NPLs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Kieran O'Donnell: Does the bank plan to sell mortgage portfolios?

Joint Oireachtas Committee on Health: Business of Joint Committee
Hospital Services: Discussion (4 Jul 2018)

Kieran O'Donnell: I have two questions for my colleagues in Limerick, Professor Colette Cowan, CEO of the University Limerick hospital group, and Mr. Bernard Gloster, CEO of the health service in the mid-west. Can Professor Cowan give me an update on the 96 acute-bed block, which is being funded through the capital plan? Funding was achieved to allow the design to proceed. What is its current status? What...

Joint Oireachtas Committee on Health: Business of Joint Committee
Hospital Services: Discussion (4 Jul 2018)

Kieran O'Donnell: Will the 50 bed section be open prior to the 25 bed section being completed?