97,000 Bank of Ireland Covid-19 payment breaks have ended

More than 100,000 payment breaks were put in place during the Covid-19 pandemic

Bank of Ireland chief executive Francesca McDonagh will tell the Oireachtas Finance Committee that negative interest rates and strict lending rules from the Central Bank have reduced profitability and are limiting the market. Picture: RollingNews.ie

Bank of Ireland put in place more than 100,000 payment breaks during the Covid pandemic and, so far, some 97,000 have come off such breaks, the Oireachtas Finance Committee will hear on Tuesday.

In her opening statement, Bank of Ireland chief executive Francesca McDonagh will say that negative interest rates and strict lending rules from the Central Bank have reduced profitability and are limiting the market.