AIB has fewer customers on mortgage payment breaks than rivals but its shares fall 3.5% on Covid concerns

AIB's new mortgage and SME lending fell sharply over the first nine months, but showed "tentative signs of recovery" in the September quarter. Picture: Sam Boal/Boal/Rollingnews.ie

AIB appears to have fewer borrowers on mortgage payment breaks for its size than its rivals, but its shares fell sharply nonetheless as investors worried about the fallout from the latest Covid-19 lockdown.     

In a trading update for the period before the start of the new Level 5 restrictions, AIB said it had 3,985 mortgage payment breaks on loans worth €604m as of October 16. It also had 5,157 breaks for loans to small business customers worth around €320m at the same date.