Oireachtas Joint and Select Committees

Tuesday, 30 January 2018

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

Tracker Mortgages: Bank of Ireland

7:10 pm

Ms Francesca McDonagh:

In February 2017, the bank took a €25 million provision and in November 2017, we increased it for a total provision of between €175 million and €200 million. Our expectation continues to be that is the correct provision and we are operating within that amount. That includes redress and compensation for all customers including any legal cases or appeals that will go to the appeals court.