Oireachtas Joint and Select Committees

Thursday, 8 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Tracker Mortgages: Mr. Padraic Kissane

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

To clarify a matter Senator O'Donnell raised about Danske Bank, we got a reply from Danske Bank on 12 January and I will ask the clerk to circulate it to members again. The bank's reply to the questions we asked states the total number of accounts and customers identified by the bank as impacted at the end of the fourth quarter of 2017 was 79 accounts and 78 customers. It also states the number of cases arising as a result of customers with tracker products was 18, and the number of customers denied the correct margin was 60. It also states redress and compensation payments have been made to ten customers as of 10 January 2018. It would appear it has identified its numbers and has dealt with them.

We can circulate it to members and then consider whether or not to pursue their appearance.

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