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:

We have reached out to each of these customers individually and we will continue to engage with these customers specifically in the context of offering their properties back. I fully agree with the Deputy that any financial compensation or value offered would not compensate for the harm done. We would prefer not to be in a position of having any cases where a loss of property has occurred. We believe the process we are going through with these customers is to some extent showing we are trying to do the right thing by them given where we are today and the findings we have come to in recent in months.

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