Central Bank says net monthly increase in Irish residential mortgage credit in March was at historic low of €20 million
Apr 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank says today that the net increase in Irish residential mortgage credit during the first three months of 2009 was €428 million. The comparable figure for the first three months of 2008 was €2.6 billion. The net monthly increase of €20 million in March is historically low, and contributed to the decline in the annual rate of increase in residential mortgages (inclusive of securitised mortgages) to 4.2 per cent in March, from 4.9 per cent in February.