State-backed loans for Covid-19 hit firms 'may or may not' be on way: AIB chief

The scene at AIB's 2017 Annual General Meeting. File pic

State-guaranteed loans “may or may not be” part of the next package of supports to be agreed with the Government  for firms reeling from the “extraordinary” Covid-19 economic crisis, AIB chief executive Colin Hunt has said.

The lender yesterday hosted its AGM by teleconference, saying it had already made more than 40,000 payment breaks to households and businesses. It won’t be releasing the financial implications for the bank until a market update next month.