Bank of Ireland customers affected by tracker mortgage scandal to get up to €137m in total

Bank of Ireland is set to fork out more than €137m in compensation to those affected by the tracker mortgage scandal.

It has offered redress to 99% of customers affected by the controversy and is having difficulty in finding the rest.

The tracker mortgage scandal resulted in thousands of customers in the country’s banks being overcharged by lenders.

Bank of Ireland’s CEO Francesca McDonagh has been appearing before the Oireachtas Finance Committee.

She said: "I unreservedly apologise to all impacted customers for the financial loss and anxiety this has caused them and their families, and I do so again today.

"Affected customers have been offered redress and compensation of over €137m, with approximately 90% of this, more than €123m, paid so far."

Related Articles

More than 3,000 still unpaid in tracker fallout

Behaviour of banks in mortgage scandal ‘remnant of banking crisis’

Numbers hit by tracker mortgage scandal rise to 38,400

Views of public sought on culture of Irish banking

More in this Section

No Lotto winner - jackpot heads for €4m

Europe is a force for peace in N. Ireland and around the world, Belfast rally told

PSNI dispute President Higgins' security claims for Belfast trip

Robin Swann: DUP dragged unionism into the gutter

Breaking Stories

6 secrets for a smoother journey when flying with a newborn baby

More From The Irish Examiner