Loans to businesses begin to rise

HOUSEHOLD lending levels deteriorated further in June, but loans to businesses actually increased when compared to May.

Loans to businesses begin to rise
Sat, 30 Jul, 2011 - 01:00
Geoff Percival

At the same time the rate of deposit withdrawals from Irish banks accelerated.

Latest Central Bank data showed that the level of loans issued to individual households fell by 3.9% — or €196 million — in June, on a year-on-year basis.

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