Bank of Ireland owes tracker customer €481k

Bank of Ireland owes almost €500,000 in compensation and refunds to a customer wrongly charged over the tracker mortgage scandal.

New figures drill down into the redress and compensation owed to customers and some 9,400 accounts ripped-off by the lender.

The bank has identified a buy-to-let case where the owner must be paid €481,000. This relates to being wrongly charged from 2011 to 2017. The customer will get €416,000 in returned interest while remaining amounts include compensation.