Irish household debt still among the highest in EU

Seven years after the devastating financial crisis Irish people continue to be among the most indebted in Europe.

That was one of the main findings of a Central Bank report published yesterday that provided a snapshot of the financial accounts of households and companies at the end of June this year.

The figures also show most of the fall in the household debt load was accounted for by repayments. Only a relatively small amount —€400m — was written down or written off by lenders in the latest quarter.