AIB to pay 55,000 customers amid fresh tracker mortgage controversy 

AIB said it will write to 55,000 tracker customers to address the pace at which it has passed through rate reductions implemented by the ECB

AIB Chief Executive Officer Colin Hunt.

The Central Bank of Ireland has said it is engaging with AIB after the lender confirmed plans to apologise to more than 50,000 customers amid a fresh controversy regarding its portfolio of tracker mortgages. 

AIB said it will write to 55,000 customers before the end of the month to address the pace at which it has passed through rate reductions implemented by the European Central Bank (ECB).