Oireachtas Joint and Select Committees

Thursday, 21 June 2018

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

Matters Relating to the Banking Sector: Allied Irish Banks

9:30 am

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity) | Oireachtas source

I emailed you about this the other day and raised it the last time AIB was before the committee. I even signed the form to get responsibility to act on his behalf. To be clear, EBS is saying that he had the right to get it. If he knew about it, he could have said he wanted a tracker and EBS is saying it certainly would have given him a tracker. The point is that it did not say it to him. It was not included in the offer letter. I was told the bank could not produce a copy of this letter as it only retains copies of these letters from 2008. However, the bank could confirm that a tracker interest rate was not mentioned in that letter or when he went into the bank. He was not offered the information about a tracker being available to him. I presume there are thousands of people in this position in terms of AIB and EBS.

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