Results 15,501-15,520 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Chairman, can I ask a short question?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Yes, very brief. What is the difference in time period between the average wholesale funding term and the mortgage term? When you were going for wholesale funding, give me the difference in the time period? On average, how long was the wholesale funding?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Fine.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: On average, what was the wholesale funding - for what term?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Typical. Right, go on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Six to seven.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: My final question is as follows. When did Irish Life and Permanent first begin to lose money on tracker mortgages in your experience? In what year?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: That is where I want to.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Thanks, Chairman. Welcome, Mr. Fingleton. In relation to the loans acquired to the society by NAMA - you made reference to them earlier - the discount overall was 61% and you spoke about where you feel the discounts were too high. Now, they were the highest discounts of any of the financial institutions and, Chairman, I am referring here to Vol. 1, page 125. Can you explain how you got...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Mr. Fingleton - and I don't wish to interrupt you - I'm aware of that. What I really want to ask is-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: No, I was asking you a question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: It was, Chairman, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: The question is, at the time of, we'll say, the bank guarantee was brought in, of the development loans, which were of the order - commercial loans - they were €9 billion of the €12 billion of loans in Irish Nationwide at the time, what percentage of them-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: €8.5 billion. Right, we'll round it up. But what percentage of those were ... involved joint ventures where there was profit-sharing with the developer for Irish Nationwide?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Now, I've seen and we've seen figures where it's been reported ... the Central Bank have said it was around 65% by value.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: I'm talking about-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: -----the loan book.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: And of the lands that were yet to be developed, what percentage of those would have been profit-sharing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Of those loans, the 50% - let's assume that it was of the order of about ... over €4 billion - what percentage of those were non-recourse loans where the only security given was the asset?