Household loans drop by 3.6%

Loans to households fell last month by 3.6% in the year to the end of July.

Loans to households fell last month by 3.6% in the year to the end of July.

That compares to a decline of 3.7% for the year ending June 2012.

Lending for house purchases in that period was 2.1% lower, while lending for other purposes dropped by 7.8%.

The Central Bank's latest figures on money and banking show a €471m fall in lending to households for the period - the drop in lending for purchasing houses accounted for €157m of that.

Loans to businesses were also down, by 3.4% following an annual decline of 2.9% in June 2012.

more courts articles

Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court
Defendant in Cobh murder case further remanded in custody Defendant in Cobh murder case further remanded in custody

More in this section

Tornadoes kill four people in Oklahoma Tornadoes kill four people in Oklahoma
Police Stock Police ‘increasingly concerned’ for mother and two children missing from Belfast
Quad bike rider becomes 70th person to die on country's roads Quad bike rider becomes 70th person to die on country's roads
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited