Personal loan drawdowns in Ireland jump 20% to €414m

Banking and Payments Federation Ireland records the largest three-month national loan drawdown figure since 2020

The value of personal loan drawdowns for car finance in Ireland fell by 0.4% to €128m in the second quarter of 2022. 

The value of personal loans drawn down by customers of Ireland’s main banks in the second quarter jumped by more than 20% to €414m, new figures from the banking industry group show.

Publishing its quarterly personal loans report, the Banking and Payments Federation Ireland (BPFI) said the loans drawdown was the largest amount in a three-month period since it began publishing the data in 2020.