Results 401-420 of 1,974 for speaker:Arthur Spring
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: We will go back to the balance sheet for a moment. There is such interest that I am sure every journalist in the country is watching.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: Was that a random section of it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: When?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: What percentage of the restructured loans are starting to default on their restructuring? A paper on this has been completed for the Central Bank of Ireland and the figures were quite high. Has the bank done anything internally on this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: I am talking about loans that were restructured.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: When Mr. O'Connor says the rates are not material, what does he mean?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: With regard to the entire banking sector, there were indications in that paper that the rate could be as high as 45% for mortgages, and the restructurings have not lived up to what was expected. That question leads on to how-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: Mr. Bourke talks about being sustainably profitable. What net interest rate must the bank make in order to be in that bracket?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: What would that be for new business mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: I understand that, but there are many allegations out there that the banks are profiteering at the moment.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: What percentage is tier 1 capital?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: The reason I ask that question is that if the bank is looking for more deposits and if An Post is left in a situation in which the bank will be competing with it - because, historically, An Post has provided higher interest rates than the banks-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: What is the risk factor that is being blended into the bank's cost of funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: Would Mr. O'Connor consider a centre of excellence as something that could help a borrower to find a person who could advocate on their behalf and engage properly with the banks, having knowledge of the personnel with whom he or she is dealing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: Is there any vehicle other than the IMHO out there? The reason I ask is that we are trying to get a platform that we can spread across the other institutions in order to help those with distressed loans. At present, the best example I have, from my engagement with people, is that of AIB and the IMHO. I wonder whether Mr. O'Connor has an opinion. Is there anything else out there that could...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: I thank Mr. O'Connor for that. I will move on to the second issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: That is one of the questions I was going to ask.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: I will make a point to Mr. Byrne about first-time buyers and those who are going back in to try to secure family homes. There is a power-distance relationship that has evolved as a result of the crisis. When customers go to a bank, the relationship element is not as strong as it used to be. I note some customers have stated that they are looking at identifying a person in the bank who will...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: We might come back in afterwards, if that is okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)
Arthur Spring: Yes.