Oireachtas Joint and Select Committees

Tuesday, 20 December 2016

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

Banking Sector in Ireland: Central Bank of Ireland

11:00 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Could I clarify whether the 8,200 figure revealed by the Central Bank yesterday includes the 1,372 Permanent TSB customers who have already gone through or are going through the redress scheme? The reason I ask is that I cannot make the numbers add up. Bank of Ireland told us 4,518 customer were affected, between those who were overcharged and those who were denied a tracker. Ulster Bank said around 2,000 customers were affected. AIB said about 2,600 customers were affected. Those three institutions alone add up to more than 9,100. If one adds in Permanent TSB one reaches approximately 10,500. If one goes back to 2010 one reaches 15,500. The Central Bank will not give us a breakdown and the global figure it has put out does not reconcile with the information we have.

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