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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?

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: Ms Howard, who may be appointed to Ulster Bank, has a track record of closing banks in the UK but the branch network for Ulster Bank is key. I am based in Limerick where Ulster Bank has a great branch network. It has very much put it up to the other banks in the business sector. In the context of the 18,000 customers who were overcharged, who decided to carry out this review? Was it...

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 concluded now or is work ongoing to determine whether any other customers were overcharged?

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 it possible, with a further trawl, that the final figure will be more than 18,000?

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: That is positive but the negative aspect is the rate at which the trackers have been sorted out. I welcome the commitment that Ulster Bank will continue as a force in banking in Ireland. Its branch network is vitally important.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Kieran O'Donnell: I welcome Mr. Masding and his colleagues once again. I want to pursue a point made by Mr. Masding. He made reference to the non-performing loan ratio of 26%. What ratio are the European Central Bank, ECB, and the European authorities looking for? In terms of the value of loans and the physical number of loans, by how much will Permanent TSB be required to reduce the balance sheet to get...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Kieran O'Donnell: There is €2.2 billion coming out in Project Glas. How long will it take to get to that 5% or 6% and what value of loans will the bank be required to either restructure-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Kieran O'Donnell: Does Mr. Masding see the bank being required to get down to the 5% or 6%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Kieran O'Donnell: Staff.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Kieran O'Donnell: In terms of Project Glas, to what percentage will the 26% figure reduce?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Kieran O'Donnell: Are we talking about 15% or 16%?

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