Credit growth accelerates 15%

FEARS of a retail slow down in December compared to previous years are not reflected in the credit figures released yesterday by the Central Bank of Ireland.

Credit growth accelerates 15%
Sat, 01 Feb, 2003 - 00:00
Brian O'Mahony, Business Correspondent

They show an acceleration in credit growth from 13.9% in November to 15% last month.

According to figures released by the Central Bank the main driving force was the continuing strong demand for home loans.

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