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
Mr. Bernard Byrne:
They are the 2006-2009 terms and conditions, as we call them because they were the terms that prevailed for that period. At the point that the contract was executed there was a decision and determination made on what rate and what type of rate they were taking out. The contract would not have referred to a tracker margin.
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