Bank of Ireland has been fined over €100 million by the Central Bank due to its poor handling of their tracker mortgage customers.
This follows similar fines issued to AIB and its lending provider ESB earlier this summer. The €100.5 million fine is the largest one granted by the Central Bank in its history.
The Central Bank confirmed the fine in a statement on their website. Their review also concluded that refusing customers mortgage tracker rates had less to the loss of around 50 properties, 25 of which were family homes.
