Level of Jurisdiction: National
Overview: The Irish Government and Central Bank of Ireland consulted with the 5 retail banks (AIB, Bank of Ireland, KBC, Permanent tsb and Ulster Bank), along with their representative body Banking & Payments Federation Ireland (BPFI), to prepare a series of measures to support personal customers and businesses impacted by the COVID-19 pandemic.
There will be a payment break of up to three months for businesses and personal customers.
Flexibility will be afforded to bank customers with buy-to-let properties that have tenants impacted by COVID-19. These landlords can seek a mortgage payment break of up to three months which they can pass on to their tenants.
A simplified application process will be implemented to make it easy for businesses and personal customers to get support from their bank.
COVID-19 applications for a payment break will not affect credit ratings. The Central Bank will discuss the details of this with the Central Bank of Ireland
Court proceedings will be deferred for 3 months.
Full details here: https://www.citizensinformation.ie/en/health/covid19_overview.html