The five lenders that met the Finance Minister over the tracker scandal have issued statements on what they plan to do next

Bank of Ireland says it will start a compensation process for 4,300 customers from November 10th.

AIB says by year end it will have identified 3,416 customers - 12 of whom lost their homes.

An additional 1,016 customers were found to have been on a higher tracker rate.

Compensation will be paid to all customers by the first quarter of next year, with a majority by the end of this year.

Permanent TSB says it has 1,971 customers affected and all will be on the correct rate within the next week.

Offers of redress and compensation will be issued by the end of December

KBC says to date it had identified 1,041 custimers affected but it now accepts there could be as many as 600 more - adding that all will be identified by the end of the year.

Again, the bank hopes to have all customers compensated by the end of the year - although notes more 'complex cases' could continue into 2018.

Ulster Bank says 1,000 of its customers will be compensated by the end of the year with 2,500 others compensated by June. The bank is offering an initial €50,000 to those who lost their homes.

Finance Minister Paschal Donohoe says the beahaviour of the banking sector was 'disgraceful'.

He has not ruled out action against the banks of the Government does not believe sufficient progress has been made - including possible extra taxes on the banks.