KBC KBC before the Finance Committee next Tuesday

Leighlinboy

Frequent Poster
Messages
115
Thanks Brendan, take it their books are closed now and its ombudsmans route for anyone who was in waiting room .
 

Brendan Burgess

Founder
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37,702
Horkan: 32,000 customers still on SVR

Roebben : We have written to them twice

These rates are published.

Of that group - c. 5,000 have switched - it is increasing.

The average balance is €79k for someone on SVR.

It's for the client to judge.

Horkan: How many have LTVs under 90% ?

Their rate could go from 4.25%

Deering:

Average LTV is 44%

14% have taken up the offer.

Horkan: The letter you sent - does it quantify the savings?

Deering: No, it shows the difference in rates, but not the saving.
 

Brendan Burgess

Founder
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37,702
The Chairman is leaving to go to another meeting.

Michael McGrath and Pearse Doherty are doing Leader's Questions, so can't attend.

Senator Gerry Horkan is chairing and Senator Rose Conway Walsh are the only two members present.

Brendan
 

Brendan Burgess

Founder
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37,702
Rose Conway Walsh

What is the difference between Buy to Let and Corporate Lending.


When you seize a property - the state seizes it for you and engages a private security form...
 

demoivre

Frequent Poster
Messages
2,577
Very poor questioning on the prevailing rate issue from Conway Walsh and even worse answering by the KBC guy. If I was in the "prevailing rate cohort" I would take heart. Senator Conway Walsh has asked KBC to look at this issue again.
 

demoivre

Frequent Poster
Messages
2,577
Bitterly disappointed with the standard of questioning and knowledge of questioners. Legal fees in repo cases can only be awarded by a judge. Once a case gets to court banks have no right to apply interim costs.
 

RedOnion

Frequent Poster
Messages
3,132
Michael McGrath and Pearse Doherty are doing Leader's Questions, so can't attend.
Whether I like them or not, these are the only guys that have been consistently prepared for these meetings, and been able to ask the tough questions and understand what they are asking!
 

Gimmestrength

Registered User
Messages
25
This was the softest and most I'll informed questioning of a bank I've seen in a while on a number of issues. KBC's continued attempts to shut down the the tracker cases, the SVR issue, legal fees were virtually unchallenged. And they were left off to trot out the old "people who don't/engage" chestnut. How well has the bank engaged? For example how many/ what percentage of independently proposed PIAs have they rejected? Why did they fight PIA appeals on a technicality thereby delaying resolutions for debtors? And on, and on. The new KBC head must be celebrating such an easy afternoon.
 

Jazzer1

Frequent Poster
Messages
143
KBC said yesterday they have completed their tracker review,So can people forward their cases to the Ombudsman now or do they wait have to wait on the Central Bank to announce that the review is completed?
 

Wonder

Registered User
Messages
37
Hi @Jazz
Yes the Ombudsmen has began their investigations on the tracker issues.
Forward your case to them ,once you have a final response from your bank .
 

Jazzer1

Frequent Poster
Messages
143
Yes the Ombudsmen has began their investigations on the tracker issues.
Forward your case to them ,once you have a final response from your bank
Hi Wonder, I know the Ombudsman is taking tracker cases but I thought that was from only certain banks like Ulster bank. Up until yesterday he Ombudsman was not taken cases from KBC until the review was completed.
 
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