Results 241-260 of 1,212 for speaker:Dara Murphy
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: Like Deputy McGrath, I welcome Mr. Duffy and his colleagues to the meeting. The bank has two clear objectives. The first, as it is one of our pillar banks, is to get back to a point at which we have a functioning banking system. The second is to ensure that some moneys can be recouped by the Exchequer. I will pick up on some questions posed by Deputy McGrath. This morning, we heard from...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: In respect of the language that Mr. Duffy used about variables and the market changing, perhaps one of the most refreshing parts of this morning was that the IBRC also acknowledged, as we all do, that there is a broad range of variables. However, the IBRC still set a target at which to arrive. It may be worthwhile to look at the model set out by the IBRC in the documents its delegates laid...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: What is the degree to which the bank has restored power to local branch managers? A largely anecdotal view is that during the so-called boom huge pressure was put on individual managers to lend and sell various products which many people now find difficult to repay. There is also a sense that individual managers must kick an issue up the line. To what extent is the bank working on allowing...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: AIB has merged with EBS, and the mortgage figures in some of the graphs refer to AIB while in other graphs the figures are pooled. Why do different variable rates exist? In one table AIB is referred to as having the lowest standard variable rate, which it does, but the same table does not refer to EBS, which has a higher rate. It was stated that 43% of people who have distressed mortgages...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: Might I clarify?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: Surely the purpose of merging the two was to ensure an economy of scale. How is the rationale squared?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: What of the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: I thank the delegates for the time and attention they have given to this meeting and the candid nature of their answers. Is AIB outsourcing any of its debt collection function to agencies in respect of leasing loans, credit card debt or anything else, or is it retaining all debt collection activities in house? My second question relates to the lower interest rate the bank is charging new...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: The delegates can be as brief as they like in their response.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: This is my fourth and final question. I have been here since 2 p.m.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: Instead of wasting our time on verbal tennis, I will put my final question. In terms of stimulating spending in the economy, one of the suggestions that has been put forward is an increase in deposit interest retention tax. How might that affect the bank's capacity to secure deposits into the economy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: I thank our guests.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Dara Murphy: To clarify, my question was about people in mortgage distress, not new mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Dara Murphy: I welcome Mr. Boucher and his colleagues here this morning. Clearly, we have a significant vested interest in seeing Bank of Ireland's recovery but we have a much smaller shareholding in it than in the other banks. Yesterday AIB told us that it expects to be back to profit in 2014 and IBRC gave us a schedule of its perceived reduction in exposure to the State. Has Bank of Ireland a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Dara Murphy: In a different context, when Mr. Boucher was in before my party, I asked him the same question and he mentioned the profit forecast. Mr. Boucher might explain how AIB is in a position to tell us that it expects to be back in profit in 2014 and he cannot even give an indication of when Bank of Ireland expects to be back in a profitable position.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Dara Murphy: Would Mr. Boucher give guidance?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Dara Murphy: What is that timescale?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Dara Murphy: So 2014, excellent. I will focus on small and medium-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Dara Murphy: I hope AIB is not in trouble today. On the small and medium-sized enterprises, I am not sure we got to the bottom of this at all yesterday. I note Mr. Boucher's presentation states that Bank of Ireland is targeting to approve €3.5 billion in lending in 2012. I suppose my first observation is the absence of the words "new lending". As I understand it from yesterday, some of Bank of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Dara Murphy: I apologise if I sound pedantic. How much of what Mr. Boucher describes as new lending involves existing loans, including overdrafts and term loans, that are being reapproved as opposed to specific lending for new endeavours?