The chief executive of KBC Group has offered a "sincere apology" for his comments in relation to the Central Bank inquiry into the tracker mortgage controversy.
"KBC has previously apologised for the way we handled tracker mortgages on behalf of our customers, many of whom were directly impacted and I would like, also personally, to formally reiterate that apology again today." "We have fully cooperated with this investigation and will continue to do so until all matters in relation to tracker mortgages are dealt with."
"We are fully committed to further supporting the Irish economy and the Irish people. My commitment is that we do so through actions and not just words." "Honestly, I would recommend the Central Bank of Ireland, come on guys, turn the page, focus on doing business," he said. The IBCB is an independent industry initiative established and funded by the five retail banks in Ireland with the aim of rebuilding trust in the sector through demonstrating a change in behaviour and overall culture. Padraic Kissane, a financial adviser who helped many tracker mortgage customers, and a consumer representative on the Irish Banking Culture Board said he welcomed the apology.
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