Lenders must ‘engage sympathetically and positively’ with customers, said Derville Rowland, director-general of financial conduct at the Central Bank of Ireland. Photograph: Nick Bradshaw

Lenders must offer “appropriate solutions”, including forbearance, to borrowers who continue to experience difficulties after coronavirus payment brea(...)

Almost 80,000 mortgage borrowers have availed of industry-wide Covid-19 payment breaks since they were first announced on March 18th. Photograph: iStock.

Keeping up with mortgage payments will be a priority for many households throughout this crisis. But with so many incomes plunging or ceasing complete(...)

’The banking sector has to come to the table with an instrument that can deal with those who are having short term liquidity (problems),’ the President has said. Photograph: Brian Lawless/PA

President Michael D Higgins has said banks in Ireland are the “big gap” in a collective national effort to survive the coronavirus crisis. During a “(...)

The number of mortgage payment breaks granted by Irish lenders increased by  20 per cent in less than a month.

Banking and Payments Federation Ireland (BPFI) said 78,000 mortgage payment breaks have been granted by Irish lenders as a result of the Covid-19 cri(...)

The Banking and Payments Federation of Ireland fears disruption with consumers reliant on online shopping during the health crisis.

Pressure is mounting on the Central Bank of Ireland to further delay the enforcement of new EU regulations aimed at making online payments more secure(...)

Banks including Spain’s Santander to UniCredit in Italy, Germany’s Deutshe Bank and London-headquartered HSBC have announced billions of euros of bad debt charges between them in the past week. Photograph: iStock

The European Commission has offered banks flexibility in how they calculate and set aside provisions for bad loans as they deal with an expected surge(...)

European Central Bank officials have held high-level talks with counterparts in Brussels about creating a euro zone bad bank to remove billions of eur(...)

Brian Hayes, chief executive of the Banking & Payments Federation Ireland. Photograph: Alan Betson

Borrowers who have been hit financially by Covid-19 could be offered a six-month break on their mortgage payments if talks between the banks’ lobbying(...)

The Bank of Ireland has €3.6 billion of exposure to at-risk sectors, representing 4.5 per cent of total loans.

Shares in AIB and Bank of Ireland, which have slumped in recent weeks amid the spread of Covid-19, are now pricing in an unlikely event of the Republi(...)

The Central Bank announced on Wednesday afternoon that it was going to allow banks to dip into their rainy-day capital reserves. Photograph: Brian Lawless/PA Wire

The heads of the State’s five banks vowed in a meeting with the Minister for Finance on Wednesday to defer legal proceedings and repossessions against(...)

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