Personal debt falls €563m in Q2

LATEST figures from the Central Bank show personal debt fell by €563 million in the second quarter of this year while mortgage debt was down €194m.

Personal debt falls €563m in Q2
Fri, 21 Aug, 2009 - 01:00
Niamh Hennessy

The bank’s figures show that overall the outstanding debt owed by private individuals and businesses was down 1.2% or €4.7 billion in Q2 of this year.

The bank said this was mainly due to write-downs of bad loans.

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