Central Bank: Debt pay-down continues

Households continued to make loan repayments at a quicker rate than new loans were issued in November, continuing the trend of paying down debt though at a slower pace than that seen in the previous month.

According to figures published by the Central Bank yesterday, loans to households continued to decline during the month with non-housing loans falling faster than mortgage loans.

Overall, repayments by households exceeded loan drawdowns by €335m during November.