According to statistics released this week by the Central Bank, both personal loans and home loans have fallen year on year in February.
This January the Central Statistics Office (CSO) has for the first time released the results of the Household Finance and Consumption Survey.
The Irish Central Bank’s quarterly Bank Lending Survey has shown an increase in demand for home loans in Ireland.
Figures this week show Dublin householders are leaving council properties in droves. With more and more borrowers struggling to meet council mortgages and choosing instead to make interest-only repayments, 41 more householders are handing back their keys to the Council.
The Chairman of NAMA Frank Daly has stated that NAMA may in the future provide mortgage finance to Irish home-owners.
Lending to households and businesses fell in November as deposits continue to leave Irish banks according to the figures released recently by the Central Bank.