Results 1,821-1,840 of 6,944 for speaker:Michael McNamara
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: I am, actually. The face-to-face customer service is very good. Historically, I always found it very good with Bank of Ireland, whose representatives have left, but that bank has massively reduced the number of staff and services available. It does not hugely affect me but it affects many of my constituents. Permanent TSB is taking on these new branches. How many new employees will it...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: I am aware that perhaps two or three years ago PTSB cut the number of personnel in branches. It is not unique in that. I am not suggesting that it is; very far from it. How many branch personnel have been let go from 1 January in this decade?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: I would like to move on to the issue of mortgages. What are PTSB's variable rates at the moment? How many of its mortgage customers are on variable rates? Approximately what percentage of customers are on tracker, variable and fixed rate mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: 20%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: What are the variable rates? How are they determined? Is it purely loan to value, or are there other considerations or objective criteria?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: Are there other criteria, or is it just loan to value? Is it just purely an objective variable rate based on the loan to value?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: What fixed rates is PTSB offering at the moment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: Have the two recent ECB rate increases yet been reflected in PTSB's variable and fixed rates? Can the witnesses say whether PTSB is anticipating that they will be reflected soon? They can answer the first question but may not want to answer the second.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: I do not have any further questions. Perhaps Deputy Durkan has some questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: I thank the witnesses for their time. I appreciate that it is late. It is good that Ulster Bank is going to remain open in Shannon. There have been a lot of bank closures everywhere across Ireland, including in County Clare. It is good to see the PTSB bucking the trend.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: It is. It is in a great position.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: Mr. Farrell mentioned that 20% of PTSB customers are on tracker mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: They are obviously in a good place. Banks, including PTSB, were trying to get people off tracker mortgages, legitimately and illegitimately for a long time. I do not want to go back into that. If all those people come off tracker mortgages now and get a four-, five- or seven-year fixed rate, they are going to have to pay more money. Their mortgages are going to cost them more, immediately,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: I was never on a tracker mortgage, so I was never aware of that. So, there are people already who, once this new rate increase kicks in, could be paying close enough to the lowest fixed rate available?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: At some point tracker mortgages, even if there is a low margin, will probably exceed the rate that people could fix at now.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: Typically how long does it take for somebody who wants to fix a mortgage?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Michael McNamara: The bank has different fixed rates based on insulation.
- Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (14 Jul 2022)
Michael McNamara: Was Polonius not killed off behind a curtain? The Tánaiste is now a hop, skip and jump away from becoming Taoiseach. Almost every day of the lifetime of this Government, certainty today and yesterday, University Hospital Limerick, UHL, has been the most overcrowded hospital in the country. Of the 676 beds we were told would be required at the time of reconfiguration, more than one...
- Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (14 Jul 2022)
Michael McNamara: In almost 100 minutes.
- Electoral Reform Bill: From the Seanad (13 Jul 2022)
Michael McNamara: I am still unclear as to how the decision was made to guillotine the Bill. Did the Minister of State ask the Government Chief Whip to allocate 45 minutes for the debate and say to himself we all can shove it after that? Did his officials suggest this would be a good approach and he went along with it, or did he lead the approach? Did the Chief Whip agree that this wonderful and novel...