Ireland’s five main retail banks have set out a relief plan for businesses and homeowners hit by the economic fallout from Covid-19.
Acting jointly, AIB, Bank of Ireland, KBC, Permanent TSB and Ulster Bank agreed to implement payment breaks of up to three months for business and personal customers affected.
The banks have also had discussions with non-bank lenders such as “vulture funds” and with credit servicing firms such as Pepper regarding relief...
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