Credit demand rises in Q3

Demand for bank credit among Irish firms grew for the seventh consecutive quarterly period during the third quarter of this year, according to the latest euro area bank lending survey conducted by the European Central Bank (ECB).

In its summary of the Irish banks’ responses to the survey, the Central Bank here said yesterday that while there was a further increase in loan demand, the level of demand was at a lower rate than seen during late 2014/early 2015.

“Loan demand increased from SMEs and for both short and long-term loans, while loan demand from large enterprises remained unchanged,” it added.