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31/08/2012
Household Loans Continue To Decline
Loans to households continued to decline during July 2012 and were 3.6 per cent lower on an annual basis, following a decline of 3.7 per cent for the year ending June 2012, according to statistics by the Central Bank.
Lending for house purchase was 2.1 per cent lower on an annual basis in July 2012, while lending for consumption and other purposes declined by 7.8 per cent over the same period.
Lending to households declined by €471 million during the month of July, following a net monthly increase of €55 million in June. Developments in July were mostly driven by a decline in loans for consumption of €225 million. Loans for house purchase also fell by €157 million, while loans to households for other purposes declined by €88 million.
The monthly net flow of loans to households averaged minus €227 million in the three months ending July 2012, which consists of average net flows of minus €102 million in loans for house purchase, minus €73 million in loans for consumption purposes, and minus €52 million in lending for other purposes.
(CD/GK)
Lending for house purchase was 2.1 per cent lower on an annual basis in July 2012, while lending for consumption and other purposes declined by 7.8 per cent over the same period.
Lending to households declined by €471 million during the month of July, following a net monthly increase of €55 million in June. Developments in July were mostly driven by a decline in loans for consumption of €225 million. Loans for house purchase also fell by €157 million, while loans to households for other purposes declined by €88 million.
The monthly net flow of loans to households averaged minus €227 million in the three months ending July 2012, which consists of average net flows of minus €102 million in loans for house purchase, minus €73 million in loans for consumption purposes, and minus €52 million in lending for other purposes.
(CD/GK)
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Ireland WeatherThis Evening and Tonight:This evening will be dry. The rest of the night will remain dry with variable amounts of cloud and some clear periods. Light southwesterly winds. Minimum temperature 10 °C.
