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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 entitled to have 20% exceptions. I am asking how many exceptions the bank went with, why it went with those exceptions, what it has learned from going above the exceptions in terms of how it lends and whether there is a need for alteration.

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 many exceptions were there in 2016?

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 do not believe an organisation the size of AIB does not know this figure.

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 Mr. Byrne anticipate AIB will be floated 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: Does Mr. Byrne the sun is shining on AIB at the moment?

Seanad: Planning and Development (Housing) and Residential Tenancies Bill 2016: Committee Stage (23 Nov 2016)

Kieran O'Donnell: I welcome the Minister for Housing, Planning, Community and Local Government, Deputy Coveney.

Seanad: Planning and Development (Housing) and Residential Tenancies Bill 2016: Committee Stage (23 Nov 2016)

Kieran O'Donnell: Okay. As a brief overview, there are no amendments to sections 1 and 2. Amendment No. 1 is being discussed on its own. We will then discuss amendments Nos. 2 and 3, which are being taken together. I fully appreciate that Senators have received the groupings late. We must ensure that groupings are issued in good time in the future. Their points are duly noted. Is it agreed to proceed?...

Seanad: Planning and Development (Housing) and Residential Tenancies Bill 2016: Committee Stage (23 Nov 2016)

Kieran O'Donnell: It is an interesting debate. I have two or three points to raise with the Minister. It is extremely important to ensure this Bill does not become an avenue for speculation. One of the features towards the end of the so-called Celtic tiger was where there were a lot of developers getting planning on sites and flipping them overnight. Many of the builders who came in and bought those sites...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: I am keen to deal with one specific issue that is coming up with many constituents. It relates to the area of legal proceedings. I am keen to clarify one point. Let us suppose Permanent TSB initiates legal proceedings against a home owner. Who pays the legal fees?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: Does the bank believe that is unfair or unreasonable?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: Typically, how much do the legal fees amount to?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: That is a significant amount on a mortgage valued at €200,000.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: I wish to go back to the information provided. I want to consider the whole area of voluntary and legal surrender for home owners and buy-to-let mortgages. Am I correct in saying that the figure is 3,698 in total, including assisted voluntary sales. When the voluntary surrender figure is added to legal proceedings, the total comes to 3,700 approximately. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: The figure for buy-to-let loans is approximately 1,355.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: There is a general view that the number of legal proceedings is increasing. The Permanent TSB officials have referred to letters advising of legal action. How many letters has the bank issued advising people of legal action?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: Apart from those, have other legal letters been issued?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: Have other letters been issued advising of legal proceedings?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: How many letters would be out?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: What is the schedule for initiating legal proceedings over the coming months? Will the number increase?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Kieran O'Donnell: By how much?

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