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Makhlouf: Nothing stopping banks giving payment breaks

The Governor of the Central Bank has said that there is nothing in the system stopping banks from putting further payment breaks in place for borrowers who have been impacted by Covid-19.

After the end of September, banks will no longer be offering any more payment breaks which were put in place back in March as the coronavirus restrictions took effect. 

Speaking on RTÉ's Brendan O'Connor programme, Gabriel Makhlouf said if borrowers still see themselves in difficulty, then they should contact their lender and have an early conversation about the challenges they have. 

He said lenders need to "start thinking very hard about the individual's circumstances and how they can support them".

He said there's nothing in the system stopping banks

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The Governor of the Central Bank has said that there is nothing in the system stopping banks from putting further payment breaks in place for borrowers who have been impacted by Covid-19.

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