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Ministers meet bank chiefs over credit flow


Paschal Donohoe

Paschal Donohoe

Paschal Donohoe

TAOISEACH Leo Varadkar along with Finance Minister Paschal Donohoe and Business Minister Heather Humphreys met the chief executives of the five retail banks yesterday for what was described as a wide-ranging discussion.

The senior members of Cabinet held the face-to-face talks with the heads of AIB, Bank of Ireland, Ulster Bank, Permanent TSB and KBC, and Banking and Payments Federation of Ireland (BPFI) chief Brian Hayes, a former Fine Gael TD and MEP.

It is understood the discussions, held at the Government's request, focused on the banks' role in supporting reopening of the economy by ensuring the flow of credit to businesses.

Irish Independent