Credit card giant MBNA has been fined €750,000 after overcharging Irish customers by almost €17 million.

The Central Bank investigated a number of breaches in financial regulations by the lender after it admitted in September 2009 that it wrongly applied interest on credit card accounts.

The overcharging affected 373,105 customers between July 1st, 2007 and October 26th, 2009. – (PA)