Morgages approved by banks 11% below year-earlier level 

The August loan approvals amounted to €946m, up sharply in the month, but down from August 2019

3,875 mortgages were approved in August, up by over 14% in the month but 11% below year-earlier numbers.

Mortgage approvals by lenders in August rose from July but were still 11% below August 2019 levels, according to the banking industry group.

Banking and Payments Federation Ireland said 3,875 mortgages were approved in August, up by over 14% in the month but 11% below year-earlier numbers.