The additional customers included on Thursday brings the total number due compensation from the bank to 10,300, by far the most identified by any lender under the review so far. Ireland's largest bank by assets had previously set aside 25 million euros for compensation - less than Ireland's other four retail lenders. The bank's shares fell 2.5 percent on the news but recovered to stand 1.2 percent down at 6.47 euros by 1520 GMT. "Since taking up the role of CEO in October, making progress on the tracker issue has been a top priority," Bank of Ireland's new CEO Francesca McDonagh said in a statement. The compensation process is commencing and our priority is to ensure that all impacted customers are compensated as quickly as possible."

Source: Times of India November 09, 2017 15:56 UTC