Lending levels still in decline

The level of decline in household lending levels was broadly unchanged in May, down by 3.9% on a year-on-year basis against a 4% annualised fall in April.

Latest Central Bank data shows, however, no change in annualised mortgage lending levels — with loan volumes, in this regard, down by 2.5% year-on-year.

In monetary terms, bank lending to households declined by €264m during May.