Loans to Irish households continued to fall in December 2011; Irish resident private-sector deposits rose during month
Jan 31st, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank said today that loans to households continued to decline during December, and were 3.8% lower on a year-to-year basis at end-2011, following a decline of 4.1% for the year ending November 2011. Lending for house purchase was 2.5% lower on an annual basis at end-2011, while lending for consumption and other purposes declined by 8% over the same period. There was a rise of €108m in Irish resident private-sector deposits during the month of December. Developments in household sector deposits dominated this aggregate movement, as household deposits increased by €540m during the month.