Bank of Ireland fined record €100m over tracker mortgage scandal

The bank’s failings in respect of 16,000 tracker mortgage customer accounts happened between August 2004 and June 2022. 

Banks had put aside millions of euro to cover the fines and the costs of compensation and retribution.

Bank of Ireland has been fined a record €100.5m for its involvement with the tracker mortgage scandal.

Bank of Ireland’s failures resulted in the loss of 50 properties, including 25 family homes, which could been avoided said the Central Bank.