Covid-19: Banks 'very unlikely' to relieve mortgage holders

Sinn Féin TD Pearse Doherty

Irish banks are “very unlikely” to relieve up to 140,000 mortgage and business customers on payment breaks of interest charges on their loans, despite controversy over the practice.

Controversy has arisen after the Central Bank of Ireland and the European Banking Authority (EBA) confirmed that banks were not required to charge additional interest on Covid-19 mortgage breaks.