Results 15,941-15,960 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And did you find that the banks, did the banks come to you looking for loans? Did they hustle you for loans, in essence?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And the level of gearings that the banks were willing to accept, did you see a slippage in that up to 2008 over those years?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Well, I suppose I'm referring to ... to page 19 of your appendices, and you give two graphs. You give the O'Flynn Group, the value-to-debt ratio at 30 September '08 and on the face of it, Mr. O'Flynn, it would seem that the debt gearing levels were very high.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: You didn't find any one of the banks more aggressive than the other?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And what do you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And what would you regard as a sustainable debt-to-value ratio now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Now. No, wait, both.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And what would think should be the ... going forward, what would you feel is a sustainable level?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Based on your expertise in that area.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Okay. In the pre-crisis period, same period, did you or your management colleagues believe at any point that there was a property bubble was in the making, or did you generally rely on the soft landing theory?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: When you say "price increases", are you saying in land?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Now when-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And when ... what would you think was the period that you should have all ... what date should you have all packed up your bags, in hindsight?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Rental roll.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: Did you pull back, did the O'Flynn Group pull back at any stage coming up to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: We'd-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: We'd Mr. Mulryan in earlier, you may have seen his testimony.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And he said that, from '05 on, he reckoned that there was 30,000 more houses being built than the market required. So, was there a case of whereby that supply was well in excess of demand-----