Results 15,061-15,080 of 26,043 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: Following on from that, the Comptroller and Auditor General has spoken about putting a benchmark or rate of return in place in terms of NAMA. Has that been done?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: What is that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: What is the rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: The level of equity that banks require from developers or builders operating in the marketplace at present is very significant - it could be 30% or more. What level of equity will NAMA be looking for from various interested builders in terms of partnerships on these projects?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: Could NAMA give 100% funding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: What percentage of NAMA's loanbook in terms of number and value of loans has been disposed of either by the selling on of loans or realising of loans by NAMA. What is remaining? Will Mr. McDonagh give us a general outline of the way NAMA sees this unfolding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: What percentage is gone to date?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: Is that 70% of the value?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: Could Mr. McDonagh equate that to the number of loans? Would it be 70% of debtors?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: That is significant. What are Mr. McDonagh's thoughts on the remaining debtors? It is more or less the same, about 75%. The total loans taken over by NAMA were valued at about €74 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: What is left of those?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: NAMA took over approximately €35 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: What level of that is left?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: Yes, carrying value.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: What are Mr. McDonagh's thoughts on how that will unfold?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: This is my final question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: From now on, will there be a large sell-off of portfolio of loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Kieran O'Donnell: We can pair among ourselves here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Kieran O'Donnell: In her presentation Ms McKiernan stated: "The key indicator of sector growth potential – the loan-to-asset ratio - has fallen to 28% from its 2008 level of 52%." What loan-to-asset ratio does she believe a credit union should have to ensure it is viable in the long term?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Kieran O'Donnell: I have dealt with credit unions on a professional level for many years and have great time for them. They kept small businesses operating in instances where the banks would not give them funding. They have cost the State €20 million to date, while the gross cost to it of bailing out the banks to date has been €64 billion. Anglo Irish Bank will cost us €30 billion, yet...