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

Stephen Groarke:

In total in the 2016 accounts, for all of the components we talked about, it was €145 million. That included not just the redress and compensation but also the technology costs of having to build systems to go back and interrogate the mortgages over time; the staff costs, including having to get extra staff in from outside the bank; independent oversight; and the cost of running the appeals panels process.

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