Irish non-financial sector credit including residential mortgage lending outstanding continued to fall in April
May 31st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish non-financial sector credit (NFC) credit, excluding valuation effects and the impact of transfers to the State toxic property loans agency NAMA, fell again in April, but at a slower pace than previous months so far in 2010. Residential mortgage lending outstanding (including securitised mortgages) declined by €348 million during April, bringing the annual rate of change in residential mortgage lending to minus 1.6 per cent.