Pearse Doherty
Question:174. Deputy Pearse Doherty asked the Minister for Finance the amount the Irish Bank Resolution Corporation has set aside for repaying overcharged Anglo Irish Bank customers. [50850/12]
View answerTuesday, 20 November 2012
Questions (174)
Written answers
In its interim report of June 2011, the Bank disclosed that it had made a provision of €67m following an internal review of historical interest rate setting procedures as applied to certain loan accounts. I have been advised that this internal review, which was conducted in 2010, addressed the period from 1996 to 2004, to determine whether interest rates applied to customer loan accounts were consistent with the terms of the customer loan documentation.
I have been informed that the Bank is nearing completion of this project and has made refunds to affected customers. The total cost of the refunds is now estimated at €45m to €50m.