Oireachtas Joint and Select Committees

Tuesday, 6 February 2018

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

Tracker Mortgages: KBC Bank

4:00 pm

Mr. Wim Verbraeken:

The redress and compensation component will be implemented in batches between February and ultimately June, if necessary. To give an example, we are planning to redress 350 customer accounts in the month of February. This number will increase in March and April. This is not a matter of postponing everything until June for the accounts which are still open. As we mentioned earlier about 600 are no longer open, meaning they would not be part of the rate rectification process but part of the redress and compensation scheme.

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