Jim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

I thank the employees of AIB for attending. I have to ask Dr. Hunt about the point that was raised by Deputy Doherty in respect of the tracker redress scheme. The decision of the Financial Services and Pensions Ombudsman, FSPO, required AIB to write down the value of the mortgage by 12% of the balance due when the fixed rate ended, as well as to pay interest charged on the write-down since then. In respect of the approximately 6,000 customers, did AIB calculate the interest that they were asked to write down on a simple interest basis or on a compound interest basis?