Results 17,901-17,920 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: When Mr Duffy states "short term", what does he mean?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: We commend that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: Does Mr. Duffy agree it is self-evident that there are improvements in AIB's cost of funding in terms of the way the bank has raised money, that we are seeing improvement in the risk and we are seeing improvement in the restructuring costs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: That is based on the figures for 2014.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: The cost of funding has come down in 2015.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: I accept that, but the average has come down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: Is it fair to say the trends which are self-evident are moving in a direction where the bank will be in a position to reduce the mortgage rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: I have a final question. What impact would a 0.25% reduction in variable mortgage interest rates have on profitability? There was a profit of just over €1.1 billion in before tax in 2014. That is most welcome and I commend-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Kieran O'Donnell: It could be encompassed in that level of profitability.

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

Kieran O'Donnell: Thanks, Chairman. Welcome, Mr. McDonagh, Mr. Daly. Mr. McDonagh, just to, I suppose, to round off on the ... around the night of the guarantee. I just wanted to ... just to clarify just a few points, following up on my colleagues. You mentioned that you met Mr. Cowen, the former Taoiseach on the night. What was ... how did that arise or what was the context?

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

Kieran O'Donnell: Had ye any general discussion on the guarantee?

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

Kieran O'Donnell: So it was just very specific discussion?

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

Kieran O'Donnell: What time was this?

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

Kieran O'Donnell: And was there any question as to why the Minister of Finance, Brian Lenihan at the time, wasn't present at that meeting?

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

Kieran O'Donnell: And can I just go back. If you had been consulted on the night, what view would you have taken on the guarantee in relation to Anglo and Irish Nationwide?

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

Kieran O'Donnell: And would ye have communicated that in previous discussions in consultation with the Department of Finance or the Minister for Finance, Brian Lenihan or the Taoiseach at the time?

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

Kieran O'Donnell: No, but you were brought in by way of ... you were brought in by the Department of Finance, in terms of discussions?

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

Kieran O'Donnell: Did ye at the time when you were asked to provide additional funding deposits to Anglo and Irish Nationwide, what view did the National Treasury Management Agency take?

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

Kieran O'Donnell: When did that ... when did those discussions take place, where that particular viewpoint was arrived at by-----

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

Kieran O'Donnell: So at the end of ... sorry, before the guarantee, in the previous ten days maybe, you would have been approached by ... was that by the Central Bank or who were you approached by in terms-----