AIB has indicated to Agriland that it will be announcing its lending commitments to agriculture and to Irish business as a whole for the next year over the coming days.

The bank has also affirmed its support for personal, business and farming customers who are dealing with the clean-up of recent weather damage. As a community focused bank, AIB is responding to the challenges facing customers and recognises the on-going challenges facing customers across the country and is keen to afford every support to impacted personal customers and business owners through this period.

A spokesperson for the bank said:

“A number of measures are in place to help alleviate concerns customers may have, subject to lending criteria.”

·These include the offer of flexibility in repayment schedules, in other words repayment holidays, interest-only periods and extending the term of facilities.

“We will also provide temporary credit facilities, pending the resumption of normal trading conditions and receipt of proceeds from insurance claims.”

“AIB wishes to reassure customers that where they may be facing difficulties as a result of the recent weather damage, the bank will take a flexible and sympathetic approach in assisting them. To facilitate this, we ask customers who are concerned to make early contact with their AIB branch.”
AIB Director of Personal, Business & Corporate Banking, Bernard Byrne further explained:

“As a bank supporting local communities, we have a key role to play in engaging and working with local community leaders to support local emergency measures. We understand the stress and pressures currently facing our customers, both personal and business due to the clean-up expenses and loss of income related to the recent storms across the country. Our staff are on hand at branches and business centres across the country to support customers who have been affected.”

It is envisaged that the full extent of the damage caused by the recent storms will be known by next week. All relevant government departments and local councils have been tasked with the challenge of compiling reports on the extent of the destruction caused by the ferocious weather over Christmas and New Year by next Tuesday