Results 12,681-12,700 of 26,208 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 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.
- 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?