Bernard Byrne AIB (and EBS)

FROM: Dublin

AGE: 49

TENURE: Appointed May 2015

SALARY: In 2016, his basic salary increased by 4.3% to €500,000. Married to Fiona with three children. Mr Byrne and his family live in a large private residence in an affluent area of Dublin 14. Recorded property values on their street have reached €1.5million. The family have excellent schools on their doorstep and their home is adjacent to one of the oldest golf clubs in the country.

BACKGROUND: Fiona and Bernard are co-directors of a company that runs two montessoris, one in Terenure and one in Templeogue.

AIB’S ACTION ON THE TRACKER ISSUE TO DATE: AIB, which became the State’s largest mortgage lender during the financial crisis as EBS was folded into the group, had 3,200 cases of customers who were wrongly denied contractual rights to cheap tracker mortgages linked to the ECB benchmark as of the end of September.

At the time, 97% had been put back on the correct rate, while the bank had paid redress and compensation to 2,900 of the customers.

Mr Byrne revealed three weeks ago that the bank had also overcharged ‘several hundred’ customers by applying the wrong rate on their tracker loans.

AIB, in which the State continues to hold a 71% stake after the bank floated on the stock market again in June, has put a total of €190 million aside to deal with the problem, including legal and consultancy costs. The bank has used up €133 million of this so far. It estimates that 14 borrowers lost their homes as a result of the scandal. MR BYRNE’S RESPONSE TO QUERIES: What message do you have for the Irish public ahead of your meeting with Minister Donohoe next week?

No comment provided.

Would you like to apologise for the conduct of your bank on this issue?

No comment provided.

A spokesperson for the bank referred the paper to an apology from Mr Byrne on behalf of AIB to customers affected by the tracker examination contained in a 444-page annual report.