Gerry Horkan (Fianna Fail) | Oireachtas source

I will try not to repeat some of the points that were made earlier. There have been offers in nine out of ten cases and so much has been paid out and so on. Are the one in ten cases the more complicated and complex cases which will ultimately be more costly for the bank to redress and compensate people? I asked the question of AIB last week and will probably ask it of other banks. What is the highest amount of redress and compensation identified so far? I do not know if any of the team looked at the AIB interaction last week. During the meeting we saw that, by and large, its compensation was approximately 15% but there were higher figures of 22% and 24% as well as lower figures. It depended on the impact. I tried to understand some of the information in Appendix 2 although it is perhaps not the easiest thing in the world to understand because it refers to upfront payments and 5% of refund value etc. We might come back to that. However, in terms of those who lost and those who did not lose their homes, what were the highest amounts of redress?

Although they are not necessarily with Bank of Ireland, people have contacted me to say they will receive approximately €200,000 or €300,000. Do the witnesses have the top-end figures? The figures in the questionnaire on the amounts for those with trackers who are on the wrong rate are fairly small amounts of redress and also relatively small amounts of compensation. There must be people at the other end of the spectrum, however, and the average is distorted by the number of people at the low rate. I would like to get a feel for the high end of the compensation and redress. I do not think anyone else has covered it.