Results 19,301-19,320 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: At what kind of rate were you losing deposits?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Corporate?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Of course, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: During your time at the bank was there ever any evidence that dissenting voices were suppressed or that anybody who raised serious concerns about the sustainability of the model didn't have a proper airing of those concerns?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: You acknowledged earlier a number of failings, particularly on the issue of lending and the dependence on one sector. To what extent was AIB really chasing Anglo and chasing the spectacular growth in profits, in turnover, in dividend and in share price that Anglo was enjoying? To what extent were you trying to keep up with that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Yes. Can I ask, did you have property expertise within the bank? Property experts.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: In what function? What roles did they have?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Okay. And finally ... when loans were being extended to property development construction, are you satisfied that the bank had adequate oversight of the full exposure across the different banks of the borrowers?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Well, it might have meant the borrower was over indebted?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Is it your view now that some lending decisions were made without the full picture being available?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Okay. Thank you, Mr. Forde.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: I welcome Mr. Duffy and his colleagues and thank them for the statement and information they provided in advance of the meeting. The representatives of all the banks which come before the committee in the weeks ahead will all be challenged strongly on the issue of standard variable rates. Three weeks ago, Fianna Fáil, as an Opposition party, dedicated its Private Members' time in the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: That figure refers to savings and deposits.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: Mr. Bourke indicated the net interest margin at the end of last year was 1.69%. What was the net interest margin on standard variable rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: Would it be fair to say that AIB's net interest margin is depressed by virtue of tracker mortgages and is much higher in respect of variable rate mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: How many standard variable rate mortgage accounts does AIB hold? I understand it is approximately 140,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: What is the split between owner-occupier and buy-to-let mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: Those are owner-occupier standard variable rate mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: The trends are clear in that the cost of funds has come down in the past 12 months, the bank's net interest margin is increasing and the bank has returned to strong profitability. What is the profit forecast for 2015?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: Is it fair to say that if current trends continue, there will be downward pressure on standard variable rates in AIB?