Results 13,981-14,000 of 26,228 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: Is it the holding company for GRG? Was it effectively the vehicle through which GRG worked?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Kieran O'Donnell: So GRG assets in Ireland were on Ulster Bank's balance sheet. I presume that West Register assets were also on Ulster Bank's balance sheet. Is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Kieran O'Donnell: Was the global restructuring group, GRG, a separate legal entity or was it just a division within the Ulster Bank group?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Kieran O'Donnell: Was West Register (Republic of Ireland) Property Limited, in essence, the GRG for Ireland and the assets 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: West Register (Republic of Ireland) Property Limited held assets. Mr. Blair did say-----
- 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 did hold 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: 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...