Banks set to clarify tracker mortgage repayments for customers

Finance Minister Paschal Donohoe has met with top executives

Banks set to clarify tracker mortgage repayments for customers

Minister for Public Expenditure and Reform Paschal Donohoe. Photo: RollingNews.ie

The main Irish banks are to make public statements on their response to the tracker mortgage scandal later.

Finance Minister Paschal Donohoe has spent the week being briefed by top executives after thousands of customers had their loans unfairly changed.

The Governor of the Central Bank, Philip Lane, says the majority should be compensated by Christmas.

Statements later today are expected to clarify when people will be repaid.

Minister Donohoe and the Central Bank will also issue their own statements.