Loans to households fall by 4.4% in July - Central Bank

Friday 30 August 2013 12.07
Central Bank notes decrease in loans for house purchases in July
Central Bank notes decrease in loans for house purchases in July

Loans to households fell by an annual 4.4% in July, the same rate of decrease as in the previous month, new Central Bank figures show.

The bank said that households' repayments of loans from credit institutions exceeded drawdowns by €513m in July. This was driven mainly by a decrease of €231m in loans for house purchases.