Results 18,901-18,920 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: What rate would Mr. Brown like to see?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: What is interesting is that there appears to be a critical lack of competition in the market and the banks are exploiting that in the Republic of Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: I welcome Mr. Brown and his colleagues to the committee. I too was disappointed that of the 42 questions in the questionnaire, eight were effectively not replied to. I understand that the Irish taxpayer has not put money into Ulster Bank, unlike the other three banks, two of which have appeared before the committee to date. Nevertheless, Ulster Bank is regulated by the Central Bank. There...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: They were pertinent questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: Will Mr. Brown put a figure on it? What the other banks pay varies, with Permanent TSB paying 1.74%, Bank of Ireland paying 1.15%, and AIB, which will appear before us, paying a blended cost of 1.64%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: Why would it be different?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: How much of the bank's funding would come from deposits at this point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: That is against a background in which the ECB rate of funding is lower than the Bank of England rate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: At this stage, does Ulster Bank have any ECB funding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: At what level?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: With regard to the €28 billion in loans, is Ulster Bank funding that with the €25 billion of deposits? Is it virtually funded in its entirety by deposits at this point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: There is a higher percentage of deposits in the North?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)

Kieran O'Donnell: The cost of funds is about 1.5%. Could Mr. Brown give a breakdown between variable rate, tracker and fixed-rate mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Kieran O'Donnell: That was down to regulation and was not all necessarily due to competition.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Kieran O'Donnell: Does PTSB have any ECB funding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Kieran O'Donnell: When does PTSB expect to have that cleared?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Kieran O'Donnell: Let us get back to the tracker issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Kieran O'Donnell: Is that 95 customers out of a total of 56,000 or so? That seems relatively low.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Kieran O'Donnell: It is based on people selling and moving.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Kieran O'Donnell: I welcome Mr. Masding and his colleagues. When does Permanent TSB expect to be in profit?