Lending to Irish households falls by 2.5% in October, Central Bank says
Household deposits rose by €1.1 billion last month, the largest rise since December 2008
Lending to Irish households declined by 2.5 per cent year-on-year in October as loan repayments exceeded drawdowns by €253 million, new Central Bank figures show.
The drop in lending was driven by a 2.4 per cent decline in loans for house purchase, which account for 83 per cent of all lending, while loans for consumption and other purposes fell by three per cent last month.
In terms of loans for house purchase, repayments ...
