Results 12,481-12,500 of 26,032 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: Am I correct in saying that approximately 2,500 have been remedied to date?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: We are looking at approximately 2,600 customers. The question has been asked before. Does Mr. Stanley think it is fair and reasonable for customers that Ulster Bank got so far behind the other banks? It is well in excess of 40% of the customers who have been identified by the bank. The number is approximately 5,500 in total.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: For a layperson watching proceedings, whose neighbours might have been with one of the other institutions and have been compensated, what is the delay?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: Is that within the RBS family? Is that the reason?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: Would it be fair to say that, in the Irish context, the bank did not update its systems in line with the other institutions? We all use ATMs. I always found Ulster Bank ATMs to be the slowest. I put it down to the prudential situation and that it was associated with the UK. I thought that was the reason its ATMs gave money out more slowly. Was it a technological issue rather than a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: Our role is representational in nature. It appears illogical that there are large financial institutions and virtually all of the other financial institutions paid out some time ago. We are still looking at about 2,500 customers who are yet to receive any form of compensation or redress by Ulster Bank. We have to ask the simple question as to why.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: The question has probably been asked before. What date will the 2,600 customers who have yet to receive any redress and compensation, the victims of the tracker mortgages issue, have closure on the issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: The bank is selling a loan book with a face value of €1.6 billion. What is the current book value in Ulster Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: I have no doubt Mr. Stanley knows the value.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: What is Ulster Bank's non-performing loan ratio?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: What will it be if the bank sells that loan book?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: The European Commission wants to see a level of 5% or 6%. When does Ulster Bank expect to get to that level?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: Of the 6,500 non-performing loans on the bank's books, 3,600 are for homes and 2,900 are for buy to let properties. I would have thought that there would be more buy to let properties in this category but nearly 55% of non-performing loans are for homes. I would not put buy-to-let properties in the same category as homes. Is my assumption that there would be more buy-to-let properties in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: The bank is selling roughly a third of the book.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: What was the criteria applied to the 3,600 homes and the 2,900 buy to let properties? How much did they have to be in arrears?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: When does Mr. Stanley expect this sale to go through?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: Will customers be made aware at the time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: Mr. Stanley expects that the bank will try to work through the remaining non-performing loans, valued at approximately €2.8 billion, in the period up to 2020, which is not too far away. Does the bank hope to be able to restructure within the system?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: Mr. Stanley will be aware that there are rumours circulating that Ulster Bank is up for sale. It has been suggested that the RBS group is getting the bank ready for the shop window. Is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) Kieran O'Donnell: How can Mr. Stanley give that commitment here today?