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

On a related issue, I understand that some customers were offered a tracker mortgage with a 0.2 percentage point discount for year one. The issue is the rate from which that discount is made and the rate to which they reverted following the period of the discount. Is that issue concluded from the bank's point of view? Those customers had a legitimate expectation of remaining on a tracker rate, but after the period on the discounted tracker rate they were offered the ECB rate plus, in one case, 2.25% or a standard variable rate, whichever was cheaper.