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AIB And Subsidiary EBS Fined €96.7m Over Role In Tracker Mortgage Scandal

AIB and its subsidiary EBS have been hit with a record-breaking €96.7 million fine by the Central Ba...
Ben Finnegan
Ben Finnegan

12:19 PM - 23 Jun 2022



AIB And Subsidiary EBS Fined €...

News

AIB And Subsidiary EBS Fined €96.7m Over Role In Tracker Mortgage Scandal

Ben Finnegan
Ben Finnegan

12:19 PM - 23 Jun 2022



AIB and its subsidiary EBS have been hit with a record-breaking €96.7 million fine by the Central Bank for their role in the tracker mortgage scandal.

AIB has admitted to 57 separate regulatory breaches.

AIB face an €83.3 million fine for a series of significant and long-running failings in the treatment of its tracker mortgage customers holding 10,015 mortgage accounts between August 2004 and March 2022.

A further €13.4 million fine was dealt to subsidiary EBS for consumer protection breaches, bringing the total to €96.7 million.

It's the largest fine imposed by the Central Bank to date.

There were 21 family homes lost due to AIB's part in the scandal - The Central Bank says AIB put its interests before the interests of their customers.



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AIB Central Bank Ebs Tracker Mortgage Tracker Mortgage Scandal

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