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Tracker Mortgages

Dáil Éireann Debate, Thursday - 30 March 2017

Thursday, 30 March 2017

Questions (131)

Pearse Doherty

Question:

131. Deputy Pearse Doherty asked the Minister for Finance the number of customers of banks (details supplied) who have received redress as a result of the Central Bank's tracker mortgage investigation; the total cost of redress to date; the anticipated final redress costs; and if he will make a statement on the matter. [15808/17]

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Written answers

I am advised by the Special Liquidators of IBRC that no customers have received redress at this point in time as a result of the Central Bank of Ireland tracker mortgage examination. The review of accounts which have been identified as in-scope as part of this examination is on-going and has not been finalised but is expected to be completed in the coming weeks. If detriment has been suffered by any customers, redress will be determined following the conclusion of the examination.

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