Oireachtas Joint and Select Committees

Tuesday, 22 November 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Permanent TSB

2:00 pm

Mr. Ger Mitchell:

I do not have the granular detail in front of me but within the redress scheme, in terms of refunding interest to customers, a time value of money allowance was included. Separate to that, there was a compensation payment which was either 10% of the redress amount or €1,000, whichever was greater. In tandem with that-----

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