Thursday October 29, 2020

Big cut in outstanding loans to Irish households

Outstanding lending at the end of October to Irish households from monetary financial institutions resident in the euro area was down 19.6 per cent year-on-year, according to ECB figures.

28th November, 2011

Outstanding lending at the end of October to Irish households from monetary financial institutions resident in the euro area was down 19.6 per cent year-on-year, according to figures released by the European Central Bank in Frankfurt.

The total outstanding amount was €113 billion, compared to €131 billion at the end of September. Outstanding lending to households for house purchases was down 24.9 per cent, compared to an average 2.5 per cent rise in the eurozone, the figures said.

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