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

That is 198 that were entitled and only 40 went.

Sticking to that point, representatives of the bank have been before the committee on a number of occasions. One of those was on 22 November 2016. I am trying to add it all up. When Mr. Mitchell was asked by Deputy Sherlock at the time about repossessions or the numbers who lost their homes he said:

The number who lost their homes was 58, 42 of whom were in Permanent TSB and 16 in Springboard. To date, 52 of the 58 customers have been fully redressed and compensated. We make every effort to help these people, in so far as financial means can help these customers rebuild their lives. We are in active engagement with-----

Mr. Mitchell was interrupted and when asked what that meant, he said: "What it means in real terms for home owners is that there is a €50,000 compensation payment immediately." Did 58 individuals get this compensation and Permanent TSB has now figured out that actually it was only 31? Where did the other 27 go?

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