Further decline in household lending in May29/06/2012 - 11:03:33
Lending to households here fell again last month, by €264m, according to latest figures released by the Central Bank.
Loans to households continued to decline during May, and were 3.9% lower on a year-to-year basis, following a decline of 4% for the year ending April 2012.
Lending for house purchase was 2.5% lower on an annual basis in May 2012, while lending for consumption and other purposes declined by 7.7% over the same period.
May's declines were largely driven by a decrease in loans for house purchase, of €242m.
more stories like this:
- once per day, no spam.