Hundreds more AIB customers on wrong loan rates

AIB has identified hundreds of more customers as having been put on wrong mortgage rates because of administrative errors while the bank investigated its role in the tracker mortgage scandal.

Chief executive Bernard Byrne told the Oireachtas Finance Committee as well as the 3,200 customers identified as customers wrongly moved off tracker mortgages onto more expensive loans, the bank’s review had found “several hundred” customers put on wrong rates in other types of loans.

Mr Byrne said AIB considered those customers to be a “separate category” to those affected by the tracker mortgage issue, saying compensation would be on the minor scale.