Results 1,621-1,640 of 16,002 for speaker:Robert Troy

Written Answers — Department of Finance: Business Supports (7 Mar 2023)

Robert Troy: 80. To ask the Minister for Finance the number of businesses in County Westmeath that have applied for assistance under the temporary business energy support scheme to date; the number that have been successful; the estimated value or worth of the support to date for businesses in County Westmeath; and if he will make a statement on the matter. [11154/23]

Written Answers — Department of Finance: Mortgage Interest Rates (7 Mar 2023)

Robert Troy: 109. To ask the Minister for Finance if any action can be taken for borrowers who previously experienced difficulties in making mortgage repayments to banks and had their loans sold to non-bank lenders companies and are now stuck paying very high variable mortgage repayments, with most credit servicing firms not offering new fixed rates; and if he will make a statement on the matter. [11153/23]

Written Answers — Department of Health: Health Services (2 Mar 2023)

Robert Troy: 283. To ask the Minister for Health the reason proof of payment for procedures through the cross-border directive has to be provided to the cross-border office to secure reimbursement (details supplied). [10600/23]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: I thank the Cathaoirleach for allowing me to contribute. I am not a member of this committee. I appreciate it. I, too, acknowledge our witnesses coming before us today to answer questions. As a previous speaker indicated, not everybody comes willingly before committees. Some might say the witnesses came here fast because they wanted to come in before the end-of-year announcements so they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: From 2013 to 2021. The total amount involved is €3.5 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: That is a breakdown of restructures, write-downs, split mortgages and mortgage-to-rent arrangements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: Within that, the €3.5 billion is where the write-downs are included.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: The €3.5 billion that has been written down is included in those figures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: Did the 1,900 people who received 90% write-downs get them during that period or was that just last year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: There were 4,300 who received further write-downs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: The 4,300 is not just people who negotiated write-downs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: Of that 4,300.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: Of the 150,000 customers, Mr. O'Keeffe said 63,000 of those were mortgages. Is that correct? I accept it may not be in the remit of the witnesses today to do so, but will they break down how many of those 63,000 were mortgage-to-rent? The witnesses alluded to 300, but that may be one particular year and it might not be the aggregate figure. Will the witnesses come back with clear figures...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: With regard to the 50,000 of restructuring, does AIB include the sale of a loan to a vulture fund, as part of the restructuring?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: How many loans has AIB sold to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: Were all of those non-performing loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: There were 1,500 or 1,600 of those 1,900 customers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: The point I will make is that when one sells this on to a vulture fund, the fund does not always honour the contract and does not have the same range of options a conventional bank has. Most vulture funds will not offer the option to fix a rate. In the past number of months, European Central Bank, ECB, rate increases are putting people under considerable strain, because they do not have the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Robert Troy: I accept Mr. O'Keeffe is saying those customers were the vast majority, but I was focusing on the 1,600 people who negotiated, consulted and engaged with the bank. They were somewhat sold out. Having done the right thing with regard to organising a restructure they could adhere to, with the objective of keeping the roof over their heads, the mortgage book was sold on and those customers...