Oireachtas Joint and Select Committees
Tuesday, 9 June 2020
Special Committee on Covid-19 Response
Reopening the Economy: Supports for Business
Mr. Declan Hughes:
This is an issue on which we are continuously engaging with the banks. The Minister, Deputy Humphreys, has had several meetings with the CEOs, both individually and collectively, since the beginning of the pandemic. Indeed, she had further discussions with them last week, as well as with the head of the Banking and Payments Federation Ireland. We are working with the banks to address the issues in respect of the volume of applications, as well as their various checks and so forth. Our ambition is for that to be dealt with very quickly in order that businesses know what is happening. There has to be a quick turnaround on the applications. Some banks are quicker than others and are getting through the applications.
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