Results 12,901-12,920 of 26,042 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: Is there not a risk that if funds are being advanced to an institution, for example, €200 million, that it improves the institution's balance sheet?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: What is a tranche, typically?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: €50 million is a lot of money.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: Is the new scheme being announced tomorrow?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: How will it differ from previous schemes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: Is it the €300 million scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: The Brexit scheme.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: Can I just follow up? I have a lack of knowledge of what the Strategic Banking Corporation of Ireland, SBCI, actually does. It is a bit too abstract for me, if I am honest. Under the scheme being launched tomorrow, will someone apply to the SBCI first?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: Let us say SMEs apply for a loan of €250,000. Will they get a formal approval from the SBCI?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: They go to AIB, Bank of Ireland or Ulster Bank and apply for €250,000. The rate of interest they would be charged by the bank would be a maximum of 4%. What rate does the SBCI provide that to the bank at?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: If the bank believed that the normal cost of funding on that should be 6%, does the SBCI cover the 2% differential?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: That is what I am more interested in. Explain the 4%. Will the person who qualifies for the loan be charged at 4%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: If the bank comes back and says that the cost of funding to it - the banks refer to it as a blended cost - is let us say that is 6%-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: I accept that but-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: The witness says 80% of the risk. That means that if the loan defaults, the SBCI covers 80% of the loan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: Does the SBCI make provisions for bad debts and things like that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: How high would the level of provision have been in 2016 and 2017?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: A final thing-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)

Kieran O'Donnell: If someone avails of the scheme, how can the SBCI ensure that the bank will lend under the scheme? Can the bank turn it down?

Seanad: Commencement Matters: Hospital Accommodation Provision (22 Mar 2018)

Kieran O'Donnell: I thank the Cathaoirleach for allowing me to raise this important matter of concern for the people of Limerick city and county and the wider mid-west region. The issue is the building of a unit with 60 modular beds on the grounds of University Hospital Limerick and I wish to ascertain the measures being put in place to fast-track the planning and procurement stages of the project. The...