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News

BPFI Comment on State supports for businesses

2nd May 2020

Commenting on the Government’s announcement of a suite of measures to further support small, medium and larger business that are negatively impacted by Covid-19 BPFI Chief Executive Brian Hayes said: “A €2 billion COVID-19 Credit Guarantee Scheme is an important step in improving the serious liquidity challenges facing SMEs.

BPFI members confirm Payment Break extension from three months to six months for those directly impacted by Covid-19

30th April 2020

Banking & Payments Federation Ireland (BPFI) members including the five main retail banks, together with non-bank lenders and specialist lenders, and credit servicing firms, have today confirmed that a further three-month extension to the current payment break will be made available to customers that continue to be directly impacted by the fallout from the Covid-19 pandemic.

BPFI publishes ‘Economic Recovery Plan’ setting out measures to facilitate liquidity and capital flow to thousands of Irish SMEs

30th April 2020

Launching details of the Banking & Payments Federation (BPFI)’s Economic Recovery Plan for Irish SMEs, BPFI Chief Economist Ali Ugur, said: “Irish SMEs will require a range of state supports, the most significant of which must be a new state guaranteed COVID Business Support Fund if they are to stand a chance of survival and recovery in the months ahead.