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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: Has KBC sold any of the loans to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: Does KBC plan to do that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: The witnesses say that KBC has 15 hubs in Ireland. Where are they?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: Does this mean people from Mayo, Sligo or Donegal have to travel to Galway if they want to deal with someone from the bank in person?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: Therefore, there could be a brokerage in some of those regions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: Does KBC entertain small developers who develop five, six or 20 houses or whatever? Does KBC facilitate loans or capital for them to develop projects?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: On employment, many people work on fixed contracts for five years, seven years, ten years or whatever, and a number of years of the contract may have taken place by the time they apply for a mortgage. Is it taken into account that it is a disadvantage to be on a fixed-term contract rather than be employed on a permanent basis, for example, in the case of the Civil Service?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: It may not be a disadvantage in many cases.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: On small businesses, many people complain about the high overdraft interest rates. I am not talking about KBC but about other banks. What rate does KBC charge for overdrafts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: What is the interest rate on the overdraft that KBC provides with a mortgage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: How many, if any, people have lost their homes because of the mortgage situation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: To date, how many people have lost their homes?

Seanad: Mid-Term Review of Capital Plan: Statements (27 Sep 2017)

Paddy Burke: I welcome the Minister of State to the House. I also welcome the opportunity to say a few works on the mid-term review of the capital plan 2016-2021. First, I wish to compliment everybody involved in getting this Chamber to its current state when it was opened yesterday. I can remember well two years ago, as Cathaoirleach of the Seanad, when I visited this room. I can assure Members that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: I also welcome the delegation. I have three brief questions. Most contracts for employees are fixed-term contracts, whether of five years, seven years, ten years or whatever, and mortgages are from 25 to 30 years. Is it more difficult for a person on a five year contract to get a mortgage for 20 to 25 years? What happens if he or she is laid off after the five years? Are there any...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: Where a person goes in looking for a mortgage who is on a five year contract, and who has maybe worked for three years and there are only two years left in the contract, would the bank not take that into account when it would be giving him or her a mortgage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: The new credit rating coming into effect for borrowers will be controlled by the Central Bank. Some borrowers have been brought under it since 1 June and there will be more coming on stream. The credit unions will be joining shortly. I am sure that will have an effect on the mortgage that the person gets as well, will it? In fact, people have got mortgages up to this who may have used a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: Finally, in relation to opening bank accounts, we have seen recently where it is difficult for emigrants coming back from the UK, America or wherever who have not had a bank account for maybe ten, 15 or 20 years. These emigrants have made savings and done well for themselves but it takes them a long time to open a bank account. They probably need utility bills or a driving licence. They...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: I thank Mr. McLoughlin.

Seanad: Order of Business (20 Jul 2017)

Paddy Burke: That is long-running legislation.

Seanad: Order of Business (20 Jul 2017)

Paddy Burke: The Cabinet yesterday discussed a ten-year capital investment plan from 2018 to 2027 and the projected 19% population increase to 5.6 million by 2040. I ask the Leader that a discussion be held at the earliest possible date following the summer recess regarding the ten-year capital investment programme. That discussion would be worthwhile and important in terms of considering what direction...

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