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Bank of Ireland announces 50m fund for those affected by Storm Emma

Written by Robert McHugh, on 6th Mar 2018. Posted in General

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Bank of Ireland yesterday announced a range of supports for those affected by Storm Emma and has ring-fenced a €50 million storm relief fund to provide support for businesses and homeowners. 

The Bank is facilitating emergency working capital at discounted rates for businesses and homeowners to repair properties as well as providing payment flexibility on other products.
This will include prioritisation of loan decisions, discounted rates and approval as quickly as possible for business and agri customers impacted.

It will also include mortgage breaks for up to three months and payment flexibility on other products for those affected by the weather.

Speaking yesterday, Director Distribution Channels at Bank of Ireland, Aine McCleary said, "We are committed to providing support to communities across the country following the impact of Storm Emma. A €50 million fund has been ring-fenced to fast-track support for business and personal customers at discounted rates and we are committing to a flexible approach in relation to payments on other products where customers engage with us."

She added, "We have a dedicated helpline running and our social media channels and phone teams are all available. The vast majority of our branches and ATMs are operating as usual and our teams are available to support communities across Ireland. Any customers who need help should call our dedicated helpline on 1800 365 100 or drop into one of our 250 branches nationwide to speak to our advisers. Our priority now is to support customers in any way that we can."

Source: www.businessworld.ie

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