Almost €6.5bn borrowed in November
29/12/2006 - 12:44:54Irish people and businesses borrowed almost €6.5bn from banks and lending institutions last month.
This represents the second highest monthly growth rate in private sector credit for 2006.
According to Central Bank figures, €2.1bn was borrowed in mortgages, bringing the total owed by householders to €121bn.
Despite this however, the growth rate of mortgage borrowing fell last month to its lowest level since October 2005.
