Banking

KBC pays an additional €10m to 60 tracker customers on top of €153m already paid out

The bank was fined more than €18.3 million by the Central Bank in 2020 for its role in the tracker mortgage scandal

KBC: Bank said it had paid over €153 million in compensation to more than 3,700 customers affected by the tracker scandal. Picture: Leon Farrell/Photocall Ireland

KBC Ireland has paid an additional €10 million in redress to over 60 customers that held tracker mortgages with the lender, the Business Post has learned.

The bank, which is departing the Irish market next year, was fined more than €18.3 million by the Central Bank in 2020 for its role in the tracker mortgage scandal.

At that point, KBC said it had paid over €153 million in compensation to more than 3,700 customers affected ...