AIB is to provide redress and compensation to more than 1,000 tracker mortgage customers, after it emerged they had been charged the wrong rate of interest, in some cases for more than a decade.
The issue impacts 1,100 customers of its EBS and Haven subsidiaries and dates back to the drawdown of certain tracker mortgages from 2006 onwards.
It is understood that the average payment being made to each borrower will be around 6,000.
