Results 12,521-12,540 of 26,032 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: 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.

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 the bank was writing the loans between 2004 and 2007, were the bulk of them tracker mortgages?

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 age profile in the 11,200 Project Glas mortgages? Were they taken out in the 2000s or in 1999?

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 tells its own story. Mr. Groarke said 80% were in Project Glas so it will not have a monumental impact.

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 await those results with anticipation. Can Mr. Masding tell me about growing the loan book, the profile of the growth and the number of new home loans the bank has written since January this year?

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 would Mr. Masding define as unsecured lending? Overdraft facilities?

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: Is the bank doing SME lending?

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: It is what?

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 envisage the bank, as a banking institution, moving into direct competition with AIB and Bank of Ireland? What is the bank's profile of lending?

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: Is the bank interested in building development?

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: Is the bank interested in buy-to-lets?