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Banking industry pledges support during Covid but no more payment breaks

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The banking industry has said it will continue to support customers through to the end of the Covid-19 pandemic, but has stopped short of offering further blanket loan repayment breaks.

In a statement, the Banking and Payments Federation Ireland said its members recognise the financial challenges that moving to Level 5 poses for many people.

It said that banks would give their full support to customers over the next six weeks and beyond.  "Some 2,500 staff in financial support units across the five retail banks are actively working with mortgage customers and SMEs facing financial challenges to fully understand their situation and to put in place an individual solution for them," BPFI's chief executive Brian Hayes said. "We understand that

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