But...
Every Ombudsman decision is separate and judged on its own merits.
I understand that a number of people have raised new complaints with the Ombudsman on the Prevailing Rate issue.
They say that they consider that the redress paid by AIB was not acceptable in that they have not calculated the interest on a compound basis. But otherwise they would accept this payment in settlement of their complaint.
The Ombudsman has yet to decide.
It is a bit of a tough one for the Ombudsman