Allied Irish Banks

Allied Irish Banks

Central Bank of Ireland Fines Allied Irish Banks EUR83,300,000

Allied Irish Banks p.l.c. has been reprimanded and fined EUR83,300,000 by the Central Bank of Ireland for regulatory breaches affecting tracker mortgage customers. The fine was imposed on 22 June 2022 pursuant to the Central Bank's Administrative Sanctions Procedure.

Significant Regulatory Breaches

The Central Bank of Ireland found that Allied Irish Banks p.l.c. had committed a series of significant regulatory breaches that impacted tracker mortgage customers. The hefty fine serves as a warning to other financial institutions to comply with regulations and prioritize the best interests of their customers.