17,000 ACCOUNTS AFFECTED BY TRACKER MORTGAGE SCANDAL

The number number of accounts now impacted by the tracker mortgage scandal has reached 17,000.

The Central Bank’s revealed 9,900 accounts have been identified in an examination – while 7,100 had already been revealed beforehand in PTSB and Springboard Mortgages.

Of those under current examination, just a quarter have seen compensation and redress so far totalling 78 million euro, though over 90 per cent have been put back on the correct rate.

Central Bank Governor Philip Lane, says banks need to deal with this issue.