Results 12,501-12,520 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: 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%?
- 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: When will the bank get to the stage where that knocks 10% off? To get to that 5%, Mr. Masding is talking about taking out another €2 billion.
- 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 just want-----
- 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 am aware of that.
- 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 know that. I am looking at it in a more linear way. I just want to get a handle on it and our role is a representational one. On the figure, am I correct in saying that approximately another €2 billion of loans will have to be dealt with by way of restructuring or sale to get to that 5%?
- 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: We are probably talking about approximately 10,000 additional loans involved.
- 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 their plan, how do the witnesses propose to deal with that? They have Project Glas, and it is extremely important that mortgage holders' rights are respected, but there is a further wave to come. How will that manifest itself? Will it be about sale to funds or restructure? Is it a different profile of mortgage holder? Mr. Masding spoke about long-term arrears in terms of the...
- 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: To grow, but even with that-----
- 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: Will the bank be hoping for an NPL ratio of around 15% or 16% at that time?
- 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: At that point, would the bank be able to deal with the remainder of in-house-----
- 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: What is the bank's approach to the €2 billion in loans, relating to 10,000 customers, in terms of restructuring and meeting the customers to get them to bring the ratio down, in parallel with Project Glas? The devil is in the detail.