Covid-19 (Finance): Statements
Dail Éireann — 2020-05-20
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Paschal Donohoe (FG), Dublin Central

Yes. In the meeting we had with the banks we put that to them. However, a number of them had already indicated that an extension to the time by which the loan could be repaid might be a better way for some loan owners to deal with the issue of the management of the repayment of debt. I am not aware at the moment of any bank that is not complying with that. If it is the case, and it may well be, prompted by the question the Deputy has put to me, I would certainly be interested in getting the information from him. The point that we made in that meeting and that I made in the House when we had this discussion three weeks ago was that, throughout this period, no bank should have excess profit available to it as a result of the way in which businesses and families are being treated. As the Deputy will have seen from the quarterly trading statements that have been published by our banks, all of them are now moving into a position of considerable losses.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2020-05-20/debate/main
Retrieved: 2026-08-14T04:48:18+00:00
Sitting date: 2020-05-20