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Allied Irish Bank hit with €83M fine by Central Bank of Ireland for ‘significant and long-running’ failures in tracker mortgage scandal

By Elizabeth Hearst for AMLi

One of Ireland’s biggest lenders, Allied Irish Bank (AIB) has been hit with a €83.3M fine by the Central Bank of Ireland for “significant and long-running failings” in the bank’s treatment of tracker mortgage customers. 

Between 2004 and 2022, tracker mortgage customers holding 10,015 mortgage accounts were involved in the tracker mortgage scandal, resulting in customers being overcharged and 137 properties lost, when borrowers ran into financial difficulties. 

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