Results 21-40 of 246 for nama speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Do you believe that if NAMA hadn't been established, Irish Nationwide would never have become insolvent and would be still standing today?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: 125 in Vol. 1. Page 125. This'll provide clarity. This is directly from NAMA and NAMA says €8.7 billion of loans were transferred from Irish Nationwide; consideration paid was €3.4 billion; that gives a loss of €5.3 billion. Now, 5.3 is very, very near 5.4 so I think the figures that you're quoting, Mr. Walsh, are not accurate.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: With due respect, Mr. Walsh, you said it was €3.8 billion to NAMA. It's actually €5.3 billion of a loss experienced in the NAMA haircut, so I think if-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: And you made reference earlier that 50% of the loans that went into NAMA were outside of Ireland.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Is your basic contention, along with the two previous witnesses from Irish Nationwide Building Society, Mr. Fingleton and Mr. Walsh, that the haircut that was applied to the NAMA loans, you believe was excessive?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: ...questions. Do you believe that Irish Nationwide Building Society needed the blanket guarantee to be covered by it? And do you believe if that guarantee wasn't there ... do you believe ... and NAMA wasn't put in place ... do you believe Irish Nationwide would be operating today?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: At the time that NAMA arose, what was the level of what I would regard as development loans in EBS at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Was total of the two, but some of that would have ended up ... so there would have been €1.7 billion of loans available for transfer to NAMA.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: You would not have been going into NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Well, okay, that leads into NAMA. Did the NAMA disposal of assets and loans from your company's portfolio happen at the most opportune time to achieve the best return for your business and, more particularly, for the taxpayer? And can you please distinguish between disposal regimes for Ireland and abroad in terms of the way NAMA dealt with it? You might just go through it and a couple of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: In simple terms right, do you believe - you've said it already, but just to articulate it - do you believe that the way the policy that ... the way NAMA went about disposing of your loans was in the best ... put O'Flynn Group in the best position and get the best return, the most opportune return to the Irish taxpayer?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: What did NAMA want you to do?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And would that ... would that have required NAMA to put an investment into your proposal?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: If NAMA wasn't set up, what would have happened to the O'Flynn Group? Like, you were very exposed, particularly in Anglo and other banks. What would have happened to the O'Flynn Group?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Well, before your loans went into NAMA, were they functioning loans?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: So your loans went into NAMA-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Can I just ... point of clarification, your personal loans were taken into NAMA, right? In terms of security for those personal loans, would it have any way involved the O'Flynn Group in terms of shareholding in the O'Flynn Group or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And can I take it further? Do you have any idea of the level of discounts that were ... that was ... given on your loans when they went into NAMA? Have you any idea?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: ...were initially mooted to be sold on to Blackstone ... I just ... you were reputed back in May 2014 as saying that ... that your ... that your ambition was to ... that the loans would come out of NAMA. Am I correct in that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And at the time, just, I suppose, for clarification, Mr. O'Flynn, would you have been on a salary from NAMA as ... were you one of the developers that would have been on a salary from NAMA during that period?