Non-bank lenders provided €20bn in credit in 2023

More than half was made up of residential mortgages to homeowners at €8.1bn and landlords at €2.2bn

Non-bank lenders dominate the car finance sector in the provision of hire purchase and personal contract plans through car dealers.

Non-bank lenders provided €20bn in credit to Irish households and small businesses in 2023, according to new analysis by the Banking & Payments Federation Ireland (BPFI).

Based on data from the Central Bank, the BPFI said non-bank lenders account for about 15% of outstanding credit.