Results 12,521-12,540 of 26,042 for speaker:Kieran O'Donnell
- 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.
- 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 want to look at this in an integrated way. I am asking about the bank being healthy and customers' loans being brought back to being performing loans so that they can stay in their homes and there is a restructuring people can afford. The scenario is of a rising tide lifting all boats.
- 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: The bank was seen as a very aggressive institution as regards a lot of home loans. I have had cases where people called to serve papers late at night. Is the bank revising the way it deals with customers? Our role is to represent people but I want there to be a third banking force and PTSB needs to be there and to be strong.
- 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 those customers now in Project Glas?
- 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: Of the 11,200 customers, how many is the bank ringing twice a month?
- 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: That is about one quarter.
- 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 all the other customers outside Project Glas engaging?
- 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: On the financial side, the bank is going to announce results for the December year end in March 2019. There will be a non-performing loan ratio in the single digits.
- 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: A seriously high percentage of the bank's loan book is made up of trackers, in excess of 60%. What percentage of the loan book does the bank anticipate will be made up of trackers when the bank announces its results?
- 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: Of the 11,200 Project Glas loans, how many are trackers?
- 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 find that peculiar. The tracker rate should be a lower rate so it leads me to believe loans were given out to people who could not afford loans and got an artificial interest rate. Is that fair? I am surprised that 80% of Project Glas are trackers.