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 John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

There is an issue over the Belfry investment, part of which is subject to legal considerations. Have the delegates examined this? Obviously, if there are legal considerations, Mr. Byrne will not give me his view on it.

We receive correspondence here regarding Belfry, general overcharging within AIB on business loans and so on. When the bank receives a number of complaints in this regard, does it conduct a general inquiry into how its rates are applied? If there is overcharging, does the bank address it? Did the bank examine the Belfry matter? Is there any aspect of it that is not contentious or that will not end up in the legal arena?

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