Oireachtas Joint and Select Committees

Tuesday, 23 January 2018

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

Tracker Mortgages: Allied Irish Banks

4:00 pm

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

I welcome Mr. Byrne and his colleagues and I thank him for his opening statement. I would like to recap the overall picture and link that to the first part of the statement as to how this happened in the first place. A total of 96% of the first large cohort of approximately 3,500 customers identified by the bank have been redressed and compensated. They were once on a tracker, came off it, and then at the end of the fixed rate period were not offered a tracker again. Is that broadly what happened to that cohort?

Comments

No comments

Log in or join to post a public comment.