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Irish Mortgage Holders association says it's a scandal no senior bankers held accountable for tracker mortgage controversy

RedFM Sport
RedFM Sport

07:59 24 Jun 2022


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The head of the Irish Mortgage Holders Organisation says it's a scandal no senior bankers have been held accountable for the tracker mortgage controversy.

Yesterday, the Central Bank announced a record €96.7m fine to AIB and its subsidiary EBS for their role in the tracker mortgage controversy.

Almost 13,000 customers, across the two banks, were affected by the issues between August 2004 and March of this year.

Overall, a total of 42,000 tracker mortgage customers have been affected by the scandal.

CEO of the Irish Mortgage Holders Organisation, David Hall, says it's a scandal that no senior bankers have been held to account.

"I'd have no confidence of the Central Bank's review having any impact or effect on senior management of AIB, EBS or any bank in the state having done such massive injustice to customers.

"There are people around this country who have not paid TV licences ending up in prison, yet we have one of the greatest, largest financial scandal affecting consumers in the history of the state and not one person is behind bars, not one person has been deemed unfit to practice in financial services.

"That in itself is a scandal"


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