Obviously nothing on the EBS and provision for anything there either so according to them we are all dead in the water.
2500 approx. Kissane said it was 3000 in an Oireachtas meeting in March 2018 but 500 EBS customers have since been redressed (see attached statement).We dont know how many are affected by the EBS issue unless anyone here does so impossible to work out how much that would cost them, a guess would be a lot less than the prevailing rate group.
It's hard to work out what is going on.
...
There are a few possibilities:
1) They are going to concede on the prevailing rate issue - unlikely as they were rock solid at the AGM. But still possible.
2) The Central Bank has indicated what the fine will be. The max fine is €5m and they should have fully provided for this. I don't think it's a material figure either way.
3) The Appeals Panel has gone rogue and is awarding much higher compensation that AIB planned for. Doesn't seem likely, but again it's possible.
4) They are going to concede on the EBS variable rate issue.
5) They just made a mess of the estimation for last year's accounts.
...
Brendan
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