AIB has almost doubled the money it is setting aside to compensate investors in the Belfry Funds, the ill-fated property investment scheme in which the majority of 2,500 investors got wiped out. The bank, majority owned by the state, is putting an additional €73 million compensation fund for investors. This is on top of the €75 million announced last year, and takes the provision made to cover investors to €148 million. The Currency has previously reported on how advisors and investors in the Belfry Funds did not believe the initial €75 million recompense fund set up by AIB in August 2021…

Want to continue reading?

Unlock full access to The Currency and The Wall Street Journal with an Annual membership and receive a free Samsonite suitcase – worth €235 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .