AIB may fight tracker appeals

AIB has refused to rule out mounting High Court legal challenges against any successful appeal by customers over tracker mortgage redress entitlements.

There are 117 appeals regarding AIB tracker cases before the Financial Services Ombudsman, from people who are unhappy with the terms of their compensation offers and others who feel unfairly excluded from the redress scheme.

Asked by Sinn Féin’s Pearse Doherty at the Joint Oireachtas Finance Committee if he could guarantee the bank will not challenge any successful appeal by customers, AIB chief executive Bernard Byrne said: “I can’t give that guarantee as I don’t know the circumstances of each case.”