Oireachtas Joint and Select Committees

Thursday, 18 January 2018

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

Tracker Mortgages: Central Bank of Ireland

9:30 am

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

To develop that point, has the Central Bank got a breakdown of the range of compensation and redress payments by amount? Professor Lane spoke about people who might have been overcharged by €100. I tried to get it out of one of the banks if anyone was overcharged by more than €100,000 and they said not really. The following day at 8.30 a.m. I got a phone call completely out of the blue from someone saying that individual's amount will absolutely be more than €200,000. Does the Central Bank have a breakdown, by band, of the amount of compensation paid to the 74% of the first 13,000, to the 29% of the second 13,600, and to the 7,100 in the initial tranche? I am not talking about individuals. Some people were overcharged by less than €1,000, others by less than €10,000, and others again by in excess of €30,000. Some were overcharged by more than €500,000. Do we have those figures?

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