Sunday September 20, 2020

Irish households repaid €2.5bn more than they borrowed last year

Loan drawdowns to Irish companies exceeded repayments in November

31st December, 2015
Loans to households decreased by 2.7 per cent year-on-year in November 2015

Homeowners paid back €2 billion more this year on their debts than they took out, according to Central Bank figures released today.

That’s according to statistics up to the end of February that also showed that repayments on non-housing household loans also exceeded drawdowns, by €525 million, over the same period.

Meanwhile, loans drawn down by Irish companies exceeded loan repayments by €379 million in November – the largest monthly increase since September...

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