Oireachtas Joint and Select Committees

Tuesday, 15 December 2020

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

Banking Issues in Ireland: Central Bank

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

What about the 1,100 customers? How did the bank miss those? Three months later, in July, AIB announced its subsidiaries, EBS and Haven, also took money. At the core of this is overcharging and entitlement to a tracker mortgage. Those subsidiaries deducted money from people's bank accounts that they had no right to do because these individuals had a right to a tracker mortgage. Some €6,000 in compensation was paid to 1,100 customers. How did the bank miss that one?

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