Results 14,661-14,680 of 26,043 for speaker:Kieran O'Donnell
- 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 AIB believe its return and balance sheet position is strong enough to be in a position to start paying a dividend in the normal commercial sense?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Obviously, that would be critical in the flotation of AIB again.
- 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 does AIB anticipate it will pay a normal commercial dividend?
- 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 it intended to pay a dividend on the bank’s 2016 results?
- 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 put it this way. Is this part of the discussions with the Department?
- 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 does AIB anticipate these conclude?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Would it be reasonable to suggest that it would be an objective of the bank’s board that it could be in a position to pay a dividend on the 2016 results?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: AIB has €69 billion of loans and a provision of €7 billion for losses. That is higher than some of the other institutions’ provision. Why is it so high? It is a phenomenal figure that is the equivalent of the entire budget for the Department of Education and Skills. A breakdown was given with the figure of €3.7 billion relating to home loans. Is that home...
- 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 between home loans and buy-to-lets in that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: How much of a loss provision has the bank for private dwellings?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: What is the bank’s target to reduce this and its timeframe to achieve that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: Was it €17 billion or €19 billion?
- 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 like to deal in real time.
- 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 can see the loan book is going down. However, the bank has provision of about 10% of its gross loan book. What target is it aiming to get this down 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: So, the bank is looking to get it from €7 billion down to €3 billion. Has AIB any intention of purchasing any loan books? Has the board made a decision on selling any of them off?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)
Kieran O'Donnell: AIB will not be selling home 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: Was anything sold over the past year?
- 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 sold on 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: I revert to the new scheme that is being introduced. On foot of yesterday’s Central Bank announcement, is there a need to alter the loan-to-income ratio of 3.5 times gross income?
- 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 bank is allowed up to 20% exceptions to the 3.5 times loan-to-income rule. What proportion of the bank's lending so far is an exception and what does the bank expect? Is Mr. Byrne saying there have been no exceptions?