The Licensed Vintners Association (LVA), has welcomed new measures from AIB and Bank of Ireland to help pubs  amid the coronavirus crisis. 

The LVA said it held conference calls with the CEOs and other senior management executives of AIB and Bank of Ireland yesterday and today.

It said that both banks were understanding of the crisis facing pubs and have brought forward supportive measures that will assist pubs. 

Both AIB and Bank of Ireland have indicated they will offer members, on a case by case basis, access to emergency working capital facilities and an initial three month repayment holiday. 

These measures will be reviewed as the situation develop, the LVA added.

The LVA has urged all members to engage directly with their banks immediately to work through this process. 

"The LVA, our members and the banks will work together to overcome this crisis for the duration of the closure period and into an eventual recovery," the association's chief executive Donall O'Keeffe said.