5 Percent Decrease In Household Bank Deposits
According to recent data by the Central Bank, a combined €86.5 billion for bank deposits has been collected by Irish households.
This is a decrease of five percent from the year before.
The data also shows households have outstanding credit from banks of more than €117b.
This amount does not include home loans.
Add in the mortgages and it brings the total outstanding credit to more than €152b.
The Central Bank’s data also provides a breakdown on the kind of home loans households are currently repaying:
- 53 percent are tracker mortgages
- 32 percent are standard variable rate mortgages
- 13 percent are fixed rate mortgages
Article by LoansIreland.ie.Banking