Monday July 13, 2020

Banks to announce Covid-19 rescue measures

Potential steps include three-month mortgage payment freeze for those under pressure from coronavirus fallout

18th March, 2020
Francesca McDonagh, chief executive of Bank of Ireland, said earlier this week that it was offering businesses emergency working capital, payment flexibility on loan facilities and other reliefs.

The state’s five main banks will today announce support measures to help shield homeowners and businesses from the financial impact of Covid-19.

The chief executives of AIB, Bank of Ireland, Permanent TSB, KBC and Ulster Bank are meeting Minister for Finance Paschal Donohoe this afternoon, after which a statement will be made.

Plans include a potential three-month freeze on mortgage loan repayments, and possibly other personal loans and a freeze on business loans...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Travel restrictions to be eased from July 20, but a ‘very cautious’ approach will be adopted, says Varadkar

Peter O'Dwyer | 1 day ago

No government can be expected to get everything right on Covid-19, but the authorities have no margin for error on this one

Tony O'Brien | 1 day ago

Aviation Recovery Taskforce calls on the government to grant rebates potentially worth hundreds of millions of euro on airport and air navigation charges at Dublin Airport

Peter O'Dwyer | 1 day ago