Banks rule out third break on repayments

Sources say lenders will assess customers who are struggling to make payments in the coming months

3rd May, 2020
Banks rule out third break on repayments
Banks have not taken specific impairment charges against loans going sour, but this will likely change over the course of the summer

Banks will not offer a third blanket mortgage and business loan payment break for customers who are struggling to meet repayments, the Business Post has learned.

Banking industry and Central Bank sources said that lenders will assess customers who are struggling to make payments in the coming months, with a view to putting them through normal mortgage restructuring processes over the summer. The main banks and vulture funds last week agreed to a...

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