Bank of Ireland announces extension to payment breaks
Bank of Ireland confirms that a further three-month extension to the current payment breaks will be made available for customers in Ireland that continue to be directly impacted by Covid-19. The extension will allow impacted personal and business customers a payment break of up to six months in total.
Francesca McDonagh, Chief Executive, Bank of Ireland said: “The impact of Covid-19 has been unprecedented and many individuals, families and businesses continue to face big challenges as this crisis continues. This is a very challenging and uncertain time for everyone. At Bank of Ireland, we are working hard and continuing to support our customers as we come through this crisis together.
“In recent weeks we put in place a range of supports and we have been keeping these under constant review to ensure we’re doing everything possible and practical for our customers at this time. We have been offering three month payment breaks on mortgages, personal and business loans to customers impacted by the pandemic. We are now giving customers the option to extend their payment break by a further three months. Customers don’t need to take any action as we will be contacting everyone who’s on an existing payment break to set out all the options.”