BoI chief: Bank has no policy to block mortgages over Covid-19
Francesca McDonagh, group chief executive of Bank of Ireland, also defended the bank's plan to close 103 branches on the island of Ireland, saying post offices north and south would play a role in serving affected customers. Picture: Naoise Culhane
Bank of Ireland chief Francesca McDonagh has said that the lender has no blanket policy to turn away mortgage applicants on the basis of any underlying health conditions that may make people vulnerable to Covid-19.
She was not seeing any "material volume of complaints or cases" to suggest that borrowers were unable to get mortgages after failing to secure life assurance cover due to an underlying condition such as diabetes under Covid-19, Ms McDonagh told Sinn Féin finance spokesperson Pearse Doherty at the Oireachtas finance committee.
