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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am aware of that, in terms of 2015. AIB deserves a pat on the back for finally taking action in 2015 on the EBS stuff and at a time when the courts had decided that banks - AIB's competitors - were wrong and were involved in what I would call "grand theft" of their customers.

I shall return to discussing the customers who came knocking on the door of AIB. They told AIB that they believed they were contractually robbed by it in terms of not being given a tracker mortgage. Has any of those customers been put back on a tracker mortgage? Whatever about the ombudsman, the first port of call is that AIB must tell its customers that they are wrong and that the bank is right. Has AIB reversed any of its decisions that it made in those earlier years?

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