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

It is €145 million altogether. Of that amount, €45 million is the customer's own money back and of the other €100 million it is costing the bank, €12 million is in compensation to the customer. Therefore €88 million is going to advisers, bankers and whatnot. Many people profited and unfortunately the customers got the raw deal here. The money was taken from these customers and €12 million goes to them in compensation while €88 million goes to bankers, advisers, legal firms and all the rest.

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