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

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

More than 90%, close to all of it really, came through the broker network. This flyer was circulating during that period. I can see why the bank has drawn the line it has but it is very unfair on some of those who are directly affected. There are people who relied on the flyer but who may not have fallen within the cut-off dates that KBC has set, especially those who may have applied post-February 2008 and who relied on that flyer leaflet. KBC says it was revoked but cannot be sure that this was communicated to those customers.

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