AIB expects to incur exceptional costs in 2019 as a result of the tracker mortgage scandal and "business restructuring projects". AIB expects to incur exceptional costs in 2019 as a result of the tracker mortgage scandal and "business restructuring projects". Costs to increase further at AIB on the back of tracker mortgage scandalIn a trading update the bank said costs would increase as the tracker mortgage examination programme reaches its final stages. Meanwhile, trading at AIB in the first three months of this year was "in line with expectations". In the Republic of Ireland mortgage lending increased 9pc, and the bank’s market share of mortgage drawdowns in the three months to 31 March was 31.4pc.

Source: Irish Independent May 01, 2019 06:33 UTC