Household lending levels tumble further

Household lending levels deteriorated further in April, with the Central Bank noting a 4% year-on-year fall for the month.

This rate of decline in bank lending was up, marginally, on the previous month which showed a 3.9% annualised fall in lending activity.

While the monthly money and banking statistics from the Central Bank don’t break down exactly how much was lent by the banks; the latest data does show that total loans to households were down by €632m in April, compared with March, when a monthly fall of just €167m, in comparison, was noted.