Oireachtas Joint and Select Committees

Tuesday, 6 February 2018

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

Tracker Mortgages: Permanent TSB

4:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I thank Mr. Masding for his opening remarks and welcome him and his colleagues.

I will start with the treatment of those who lost their homes as a result of this issue and those who were subject to legal proceedings. To tease out the issue of the independent review panel which the bank set up, it hears cases in which there was a loss of ownership or the account holders were involved in legal proceedings at any stage. In response to Question No. 28 in the questionnaire which the bank completed, it stated that in the case of 40 appeals which were upheld or partially upheld by the panel, the total additional compensation awarded was 285% of the initial compensation figure. How many appeals in total were lodged with the independent review panel?

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