Results 14,641-14,660 of 26,043 for speaker:Kieran O'Donnell
- Seanad: Ireland Palestine Solidarity Campaign: Motion (30 Nov 2016)
Kieran O'Donnell: My party agrees with the sentiments expressed by Senator Norris. A first step would be a meeting with the Bank of Ireland and, therefore, we second the Fianna Fáil amendment.
- Seanad: Ireland Palestine Solidarity Campaign: Motion (30 Nov 2016)
Kieran O'Donnell: Yes. I support Senator Mark Daly's suggestion for the Bank of Ireland to attend before the Oireachtas committee. I do not know a huge amount about this matter. I have carried out some research and discovered that a bank account has existed since 2001. Any person who has a bank account for 16 years would find it extraordinary to have it closed without notice or an explanation. The Bank of...
- Seanad: Social Welfare Bill 2016: Second Stage (29 Nov 2016)
Kieran O'Donnell: I welcome the Minister to the House. Following on from Senator Craughwell, I note that one is always trying to strike a fair balance within the available resources. It is not an easy thing to do. Given the circumstances in terms of increases from limited resources, it was as fair as the Minister could possibly provide. I very much welcome the fact that the self-employed now have access to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: I will touch on a few areas. The big issue at the moment is in the area of mortgages and first-time buyers. I want to go through the practicalities. Am I correct in saying that in answer to questions Nos. 9 and 10 in the questionnaire the witnesses provided us with, they say that the loan-to-value ratio for first-time buyers is 80% and the average mortgage for a first-time buyer is about...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Does Mr. Byrne believe the new rules announced by the Central Bank, requiring a 10% deposit for properties above €220,000, rather than a deposit of 20%, will predominantly be an issue in Dublin or will be a nationwide issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Is there a breakdown of the average size of a first-time buyers' mortgage in Dublin as compared to one outside Dublin?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: The average was three times earnings. For a typical couple wanting to buy a house for €250,000, the bank will offer three and a half times the combined household earnings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: If a house costs €250,000 a couple, assuming they satisfy the loan-to-income ratio, would have to come up with a deposit of €28,000, that is €220,000 at 10% and the balance at 20%. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Under the new rules, combined with the Government's first-time buyer's scheme, they would get a rebate of €5,000, equal to €250,000 at 5%. Is that right? Maybe it is a 2% rebate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: I am referring to the bank's own scheme.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Under the EBS brand, 2% would be €5,000 so they would have to come up with a deposit of €23,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: I have no doubt that the bank has added up its figures. I am asking about the practical effect. A first-time buyer would have to come up with a deposit of €28,000 and would get €5,000 back from the bank making the net deposit €23,000. Under what is now proposed, they would have to come up with a 10% deposit, €5,000 in cash, and would get a rebate of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: In AIB the deposit is €12,500 and in EBS it is €7,500. How does AIB feel about that? It gives the bank the 10% equity which the punter is providing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: I am asking-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: No. I am asking what practical difference it will make to the first-time buyer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: The likelihood is that the level of the deposit required by a first-time buyer will probably be halved. Is that fair?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Am I correct in saying that AIB's loan book is approximately €69 billion? Are they all organic loans? Were AIB and EBS the originators of these loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Does the bank intend buying loan books?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Mr. Byrne will be aware that some of the bank's competitors, such as Bank of Ireland, are buying loan books. Is there a reason AIB is not pursuing a similar line?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: When was the last time AIB paid a dividend?