AIB and KBC in focus as thousands more tracker cases identified

Banks have until close of business on Monday to submit updated figures to Central Bank

AIB has so far identified up to 4,602 customers who were either wrongly denied low-cost loans tied to the ECB benchmark or charged the wrong rate. Photograph: Cyril Byrne

AIB has so far identified up to 4,602 customers who were either wrongly denied low-cost loans tied to the ECB benchmark or charged the wrong rate. Photograph: Cyril Byrne

The country’s banks are set to acknowledge thousands of additional cases of overcharging next week as the Central Bank presses them to finally draw a line under a tracker-mortgage scandal stretching back as far as almost a decade, according to sources.

AIB, which has so far identified up to 4,602 customers who were either wrongly denied low-cost loans tied to the European Central Bank benchmark or charged the wrong rate, and KBC Bank Ireland, which admitted in October to as many as 1,661 cases of overcharging, are preparing to announce upward revisions as updated figures are published next week.

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