I propose to take Questions Nos. 66 and 167 together.
Following the conclusion of its investigation, the Central Bank issued its Summary Report of the Payment Protection Insurance Review ( the PPI Review ) in March 2014. The PPI Review included the sales by 11 credit institutions from July 2007 and resulted in a refund figure of €67.4 million (including €4.9 million in interest) to consumer.
353,806 policies were within the scope of the PPI Review.
Credit institutions included in the PPI Review were required to demonstrate that their PPI sales were in compliance with the Consumer Protection Code. This included requirements to assess and evidence suitability and eligibility and to check that claims were not declined for reasons which the seller should have identified during the sales process. The 11 credit institutions in question no longer sell PPI.
A copy of the report is available on the Central Bank's website.