Central Bank figures show continuing decline in lending
Loans to Irish households declined by 4.5% in the year ending May 2013, according to figures released by the Central Bank.
It follows a decrease of 4.3% in April.
Lending for house purchases was down 2.1% over the year, while lending for consumption and other purposes was 11.5% lower for the same period.
Meanwhile, households’ repayments of loans to credit institutions exceeded drawdowns by €507m during the month of May.
Developments in May were mainly driven by a decrease of €322m in loans for house purchases.
