Oireachtas Joint and Select Committees

Tuesday, 16 January 2018

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

Tracker Mortgages: Discussion

2:00 pm

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

I thank the Minister for his responses so far. Many of the points I would have raised have been covered. Following the point made by Senator Conway-Walsh, if about 35,000 people have been affected, and the average payout to date was about €30,000, that adds up to approximately €900,000 million, which is roughly 30,000 multiplied by 30,000. That may be where the range of €1 billion originated. Does the Minister have any sense of the range of compensation that is being paid out? On foot of a committee meeting several months ago, somebody contacted me out of the blue. They said they were absolutely sure that the compensation and redress in their particular case would be in excess of €200,000. Does the Minister have any sense of what has been paid out to date, or what is likely to be paid out?

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