Results 13,081-13,100 of 26,042 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: If we look to bring EBS and First Active in, and we should take up the request from Mr. Kissane, who should we be looking to bring in? Is there a head of EBS? How do they work?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: And First Active?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: Does Mr. Kissane believe that a large cohort of, dare I say it, the hidden trackers that have not come to the fore are probably within EBS and First Active?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: Chairman, I suggest that we write immediately to both EBS and First Active to invite its representatives to appear before the committee as a matter of urgency.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: I thank Mr. Kissane for that. Why are the banks fighting this so hard? The amount of money involved in the overall scheme of things is not enormous from a bank's perspective, but it is of gigantic proportions for the individuals. People cannot sleep at night and they are getting old before their time. I have referred to this previously, but a lady rang me on 21 or 22 December last, just...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: It was prior.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: I am reflecting the disbelief among the public.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: What is the differential there?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: The differential on a €300,000 mortgage over 25 years is not far off €100,000.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: It is nearly a third of the original principal.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: There are a few final points. With regard to the various institutions, we are going to invite the EBS to appear before the committee. Bank of Ireland has 800 customers and Mr. Kissane referred to Danske Bank. That has not come under our radar.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: AIB, KBC and Ulster Bank have, Permanent TSB very much so, and we are going to invite First Active to appear before the committee. Will Mr. Kissane talk about Danske Bank? It has not come on our radar and I wish to know why he has included it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: When?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: At that time it was National Irish Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: That was where the margins were.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: To get back to practicalities, Danske Bank is gone. Where is the loan book it would have had where individuals would have been on trackers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: In terms of getting compensation for customers-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: However, Danske Bank as an institution is no longer in Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: Has anybody who was a Danske Bank customer come forward to Mr. Kissane in his professional capacity? Has anybody come forward on the tracker issue where the person's loan would have started with Danske Bank or National Irish Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Kieran O'Donnell: How is Mr. Kissane dealing with them on a practical level?