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?

Celebrate with us – 7 years of The Currency

Unlock full access to The Currency and The Wall Street Journal with an annual membership and receive a FREE Samsonite Spectrolite Briefcase – worth €175 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .