• Bank of Ireland to support businesses impacted by CO-VID19

    On the 6th March Bank of Ireland announced a range of supports available to businesses impacted by the outbreak of Coronavirus (COVID-19).

    The impact of Covid-19 is being felt in many ways across different business sectors. This includes weaker trading as a result of a reduction in business and tourist travel, supply chain interruption due to the knock on impacts of a slowdown of production in China, and reduced orders from international customers as the global economy starts to deal with the impact of the virus.

    These impacts are leading to a number of financial needs for our business customers and Bank of Ireland is today announcing a number of supports for business affected by coronavirus.

    These include the provision of emergency working capital, payment flexibility on loan facilities, and the provision of trade finance and foreign currency products to support sourcing products from new suppliers internationally.

    The Bank will also be making proactive contact with businesses that may be impacted by the virus.

    Given the fast-moving nature of the ongoing issue, the Bank will prioritise loan decisions for impacted businesses, and will also review the supports required for all of our customers as the impact of the virus on both our business and personal customers is further understood over the coming weeks.

    Customers of Bank of Ireland who are concerned about the impact of coronavirus on their business are encouraged to make contact with their Business Relationship Manager or ring 0818 200 348.

    Bank of Ireland sectoral experts – in agriculture, manufacturing, hospitality, health, food and beverage and retail convenience – are also available to support customers.

    CEO Retail Ireland, Gavin Kelly, said:

    “Bank of Ireland is committed to providing support to businesses across the island of Ireland. We will be making extra resources available during this period of uncertainty, and I would encourage any business owner with concerns on how to deal with the impact of the coronavirus to contact us. We will work with them to identify what supports they need, including options such as emergency working capital and payment flexibility.”

    If a Fingal Dublin Chamber member is looking for guidance as to what actions they should be taking, our Group website https://businessbanking.bankofireland.com/ provides useful supports for business customers.

    Likewise, Personal Customers will continue to require personal loan, overdraft & mortgage facilities as a result of COVID 19 they can contact us directly at Bank of Ireland.

    If a Fingal Dublin Chamber Member is not in a position to meet “Face to Face”, Bank of Ireland will continue to support our customers and to help facilitate any

    Personal & SB&A Business lending requests via our Direct lending teams:

    • Mortgage Direct (Tel: 1890 365 100 – Option 4)
    • Personal Loans & Overdrafts Direct (Tel: 1890 365 100 – Option 2)
    or
    • SB&A Direct (Tel: 1890 36 52 22)
    • BIF Direct (Tel: 1850 29 19 29)

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