Minister for Finance Paschal Donohoe is to meet the CEOs of the country's main retail banks today, as pressure grows on them to further extend their offer of loan repayment breaks.
The lenders are due to stop offering the breaks at the end of this month, in just three days' time. The repayment breaks were introduced in March in response to the financial pressure many homeowners, households and businesses were experiencing from the downturn in business and employment caused by Covid-19 restrictions.
The breaks were initially to be offered for three months, but that was extended for a further three months due to severity of the economic situation.