Monday November 30, 2020

Ministers told banks they were ‘closely watching’ Covid-19 payment breaks

Paschal Donohoe, Leo Varadkar and Michael McGrath told executives they would be monitoring the situation as lenders pledged to engage with borrowers

22nd November, 2020
Paschal Donohoe, the finance minister, held a conference call with the heads of AIB, Bank of Ireland, Permanent TSB, Ulster Bank and KBC Ireland

Three senior ministers warned lenders that the government would be keeping a close eye on how customers coming off Covid-19 payment breaks were treated, in a meeting with bank chief executives in September.

Paschal Donohoe, the Minister for Finance, held a conference call with the heads of AIB, Bank of Ireland, Permanent TSB, Ulster Bank and KBC Ireland as well as the Banking and Payments Federation of Ireland (BPFI) to discuss payment breaks that were...

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.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Sinn Féin leader has a precedent having previously suspended Máire Devine for an offensive social media post

Michael Brennan | 1 hour ago

Due to shortage of experts, the government has changed the law to allow IFAC members to serve for up to 12 years

Michael Brennan | 1 day ago

The Defence Forces, including the Army Reserve, are well below strength with Naval Service personnel being lured away to engineering jobs in the pharmaceutical sector while many former soldiers are working in ordinary jobs for minimum wage

Aiden Corkery | 1 day ago