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Lending To Irish Households Continues To Fall

Lending to Ireland households continued to fall in February, the Central Bank of Ireland said Friday.

Loans to households fell 4 percent year-on-year in February, following a decline of 3.9 percent a month ago.

Lending for house purchase was 2.5 percent lower on an annual basis in February, while lending for consumption and other purposes dropped 8.4 percent.

Further, data showed that lending to households declined by EUR 355 million, following a net monthly flow of minus EUR 691 million in January.

Deposits from residents decreased 6 percent at end-February compared to a drop of 7 percent over the year ending January.

by RTTNews Staff Writer

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