Statement by BPFI following meeting with An Taoiseach, Leo Varadkar

The CEOs of the five retail banks (AIB, Bank of Ireland, KBC, Permanent TSB and Ulster Bank DAC) and their representative body (BPFI) met with An Taoiseach Leo Varadkar this afternoon, along with the Minister for Finance and Public Expenditure, Paschal Donohoe, and the Minister for Business, Enterprise and Innovation, Heather Humphreys.

Speaking after the meeting BPFI CEO Brian Hayes said: “We very much welcome the discussions with An Taoiseach across a broad range of banking issues this afternoon. There was extremely constructive engagement with An Taoiseach and Ministers Donohoe and Humphreys, with much focus on the important role of banks in supporting mortgage holders and businesses through the immediate economic challenges.”

Mr Hayes said: “Banks will play a key role in assisting SMEs through the economic recovery period and will continue to work closely with the Department of An Taoiseach, the Department of Finance and the Department of Business, Enterprise and Innovation in providing that support, especially on the key issue of liquidity.”

Concluding he said: “Our collective efforts are focused on ensuring Irish SMEs and their employees have the support they require and that they are in a position to trade and rebuild their businesses as Irish and global economies re-open in the months ahead.”

Article Published: 12/05/2020