Central Bank reports continued decline in Irish credit to non-financial corporations in March; Residential mortgage lending outstanding fell again
Apr 30th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish credit to non-financial corporations (NFCs), excluding valuation effects, as NFC credit fell by 4.6 per cent in the year ending March 2010, following annual declines of 3 per cent in January and 3.6 per cent in February 2010. Residential mortgage lending outstanding (including securitised mortgages) declined by €717 million during March, bringing the annual rate of decline in residential mortgage lending to minus 1.4 per cent.