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Lending to households rises for third year in a row – Central Bank

Lending to households grew for the third year in row last year, mainly on the back of growth in home mortgages, new figures from the Central Bank show today.

The Central Bank said that household lending rose by 2.1%, or by €1.9 billion, in 2019.

The annual growth rate in lending to buy a home stood at 1.9%, or €1.4 billion, in the year to the end of December, up from growth of of €1.1 billion, or 1.4% in 2018. 

During the month of December alone, net lending to Irish households reached €360m. 

Today’s figures also showed that consumer lending increased by €16m in December.  

On an annual basis, new lending exceeded repayments by €571m, or 4.3%. 

The Central Bank noted that loans terms between one and five years continued to drive consumer-related lending.

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