Central Bank: Household Loans Down 3.7%

Central Bank: Household Loans Down 3.7%

The Central Bank today released its latest Money and Banking Statistics for December 2014.

December generally saw a decline in lending on a net monthly basis. However loans ‘for the purpose of consumption and house purchase’ increased by €45 million and €12 million in December.

Annually lending to households in Ireland continued to fall – a decline of 3.7% in December.

The following chart shows annual rate of change for lending to Irish households, including total loans to households, loans for house purchase and loans for consumption and other purposes.

Chart 1: Lending to Irish Resident Households, Annual Rate of Change


There is a visible slight uptick in the amount of loans for house purchase, but lending overall looks fairly static compared to last year.

In other recent news, the Central Bank has announced a new range of lending regulations.

The accompanying Money and Banking Statistics release includes links to charts and full statistics. Also see below for sources.


Main image by Antoskabar @ Flickr.