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AN IRISH BANK that started a bonus scheme as an act of goodwill towards it customers found that the move netted them both a tidy bonus.
The Irish Daily Mail reports today on Permanent TSB’s offer to pay its tracker borrowers a bonus if they overpaid their monthly installments.
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It turns out that quite a few people did just that, and the bank netted a bonus of almost €53 million.
Tracker borrowers who made additional contributions of €5,000 received a ten per cent bonus. This gained the customers an average of €35,000 each.
The bank in turn received €52.5 million, which will go towards reducing the amount of loans PTSB has to take out to fund its mortgages.
PTSB introduced the scheme because it is losing money on its tracker mortgages.
Read more in today’s Irish Daily Mail on page two>
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The English political classes must be so fed up with that backwater NI. How much they’d save dispensing with it must be top of their minds all the time.
For serving police with mental health issues in such a volatile, divided community to have to wait 8 months to see a psychologist is unacceptable and cruel beyond words. They can’t find them an hour a week?
Just f%$king fire a few “important” people and hire a team of psychologists.
And we wonder why society is coming apart at the seams.
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