RTÉ Business: Total lending fell further in November
Submitted by daltonr on Wed, 12/30/2009 - 23:19
Wednesday, 30 December 2009 11:15
New figures show that the amount of money lent in the economy fell again in November, with mortgage lending falling for the eighth month in a row.
The Central Bank said the level of outstanding mortgage lending dropped by €134m from October. This means that once again the amount being re-paid on existing mortgages was more than the amount given out in new mortgages.
The Central Bank figures also show that non-housing lending to households dropped by 21% in the year to November. They also show that the amount of debt outstanding on credit cards was down 0.6% over the year, as consumers' repayments exceeded new spending.