Results 13,801-13,820 of 26,042 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: It was set up in 2009-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Mr. Mallon is the chief executive officer, CEO, of Ulster Bank. The ordinary person looking in will find it astounding that the witnesses would not know. Who signs the annual accounts of the Ulster Bank group in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Is West Register (Republic of Ireland) Property Limited still alive?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: It is concerning that representatives of a group of the size of Ulster Bank are not able to answer these basic questions. If a person went into Ulster Bank for a loan, was asked about a property that he or she owned and said "I have no knowledge", the loan application would be refused on credibility grounds. Is it credible that Ulster Bank and Mr. Mallon, as CEO, would not be aware of a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Does Mr. Mallon believe it held little or no assets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Is the GRG concluded as a division within Ulster Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: What would have been its total assets or the total value of the loans it managed at its peak or on conclusion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Would that have been purely related to Ireland or to Ireland and the United Kingdom?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: In terms of the €13.7 billion of loans that were sold onto investment vulture funds, would they have all come out of the GRG?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: It would be fair to say that loans of the order of €11 billion to €12 billion come from GRG. Therefore, that group as a division was effectively the vehicle through which loans ended up in investment vulture funds.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: In substance, the loans that were sold were managed for a significant period by the GRG.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: The greater majority of loans that were managed by the GRG ended up in investment vulture funds. In substance, that is what happened. The ordinary business person looking in might ask whether the GRG was set up as a vehicle to sell off loans that were causing difficulties for the balance sheet of Ulster Bank in order that the bank itself would not be seen to sell loans directly to...

Seanad: Nursing Homes Support Scheme: Statements (3 Oct 2017)

Kieran O'Donnell: I welcome the Minister of State. I want touch on a number of points in regard to the nursing home support scheme, which is a very important scheme. We all have people coming to us who are going into nursing homes. It is a very traumatic time for the families and the individuals themselves. The nursing home support section in Limerick does fantastic work and we all deal with such people on...

Seanad: Housing: Statements (28 Sep 2017)

Kieran O'Donnell: I will try to do it in three minutes. I welcome the Minister for Housing, Planning and Local Government, Deputy Eoghan Murphy, to the House. This is an extremely important debate. To put my contribution in context, I will speak on the area I know best, Limerick. There is an issue with the provision of housing in Limerick city. There is a perception that Limerick has a very large stock of...

Seanad: Mid-Term Review of Capital Plan: Statements (27 Sep 2017)

Kieran O'Donnell: I welcome the Minister of State to the House. I regard this as a very important and critical debate. We have come out of a period of great difficulty where our country was bankrupt and where we were effectively borrowing to keep the lights on. We have now reached a stage where we are returning to full employment. We must get back to what would be the normal levers of Government, one of...

Seanad: Mid-Term Review of Capital Plan: Statements (27 Sep 2017)

Kieran O'Donnell: All help would be welcomed. I looked at the submissions made in the context of the mid-term review and a substantial proportion of them referenced the M20 project. Coming from Limerick, the Minister of State will know just how important that road project is in having an Atlantic corridor which links Cork, through Limerick, with Galway as a counterpoint to Dublin. The new Tuam-Gort bypass...

Seanad: Order of Business (27 Sep 2017)

Kieran O'Donnell: The acoustics are better.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Kieran O'Donnell: I was slightly delayed so the issue I will raise may have been covered. A significant number of people have contacted us about the differential in rates between EBS and AIB. This may have been discussed but will the witnesses reaffirm the position? The standard variable rate for AIB is 3.15% and for EBS it is 3.7%. Where there has been a reduction in the ECB rate AIB normally passes it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Kieran O'Donnell: The group has concerns with EBS.