Results 13,041-13,060 of 26,037 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: Is it fair to say that if €2.4 billion of the €6.3 billion figure is made up of family homes, and they will not form part of any portfolio sale, then the likelihood is that the balance is a little under €4 billion? I have calculated €6.3 billion less €2.4 billion. Are my figures correct? Is that the correct analysis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: Will the €3.9 billion remaining form part of a portfolio sale?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: We need to distil it in figures. We have €6.3 billion in non-performing loans at the moment. At total of €2.4 billion is made up of home loans.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: The remaining balance is €3.9 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: That is what I want to focus on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: How much of that debt does Mr. O'Keeffe expect to be restructured?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: The period envisaged runs to the end of 2019. Is it possible that there will be no portfolio sale on that basis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: A figure of €3.75 billion is being reported in newspapers. Is that is wide of the mark?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: Mr. O'Keeffe made reference to 2019. Can I take it from what he said that he expects no formal portfolio sale prior to the end of 2019?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: How long will that process take?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: At the end of the day, we are here as public representatives. The State effectively owns AIB. We have to ask these questions. In one breath Mr. O'Keeffe is telling me that €3.9 billion may be what we are looking at. The bank has given a commitment, which is welcome, that the €2.4 billion made up of home mortgages will not be included. There is a balance remaining of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: We are here to talk about portfolio sales to vulture funds. We need to get some indication as to when AIB will make a decision around this area. We accept at face value that the bank said it will work with the holders of loans. Is it imminent? Is it by the end of 2018 or by the end of 2019? There are mixed messages coming out. Side-by-side with these messages, there is a report saying...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: That is not good enough. That is too late. We had Permanent TSB before the committee. While we may not have been happy with what we were being told, it was fairly open about this matter. Today, we quoted the example of split mortgages being included as performing loans. We cannot be taken as fools. We are reading stuff in the newspapers but the bank is telling us to see no evil, hear no...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: Does Mr. O'Keeffe believe the bonuses the bank is putting forward for top management are justifiable?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)
Kieran O'Donnell: No, we did not.
- Joint Oireachtas Committee on Social Protection: EU Employment Legislation and JobPath: Discussion (8 Mar 2018)
Kieran O'Donnell: I know Mr. Lynch from the JobPath scheme in Limerick and it is a good scheme but I wish to speak about unintended consequences. Community employment, CE, schemes traditionally got people on a repeat basis with new people coming on stream and coming off the live register, but they are finding it difficult to continue to have people from St. Vincent de Paul and other such organisations. Has...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)
Kieran O'Donnell: Is the ICF in a deficit of €870 million?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)
Kieran O'Donnell: Over how many years has that deficit been run up? What is the reason for that being so high?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)
Kieran O'Donnell: What is the levy on the insurance companies?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)
Kieran O'Donnell: Has that been in place since the PMPA days?