Irish bank lending to consumers and businesses fell again in January; Domestic private sector bank deposits also down
By Finfacts Team
The Central Bank said today that level of Irish bank lending to consumers and businesses fell again in January and Irish resident private sector bank deposits also dropped 7% on an annual basis.
Loans to households continued to decline during January 2012, and were 3.9% lower on a year-to-year basis, following a decline of 3.8% for the year ending December 2011. Lending for house purchase was 2.4% lower on an annual basis in January 2012, while lending for consumption and other purposes declined by 8.2% over the same period.
Lending to households declined by €690m during the month of January, based on underlying transactions, following a net monthly flow of minus €65m in December
full article at source: http://www.finfacts.ie/irishfinancenews/article_1024011.shtml
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