Banks eager to give out 'a lot more' loans for house building as billions available

AIB and Bank of Ireland stuggling to find projects to access building funds

Bank of Ireland and AIB are not receiving enough demand from housebuilders to use all the funds they have earmarked for housing projects, executives said on Tuesday. Picture: Getty

Ireland's two dominant banks are not receiving enough demand from housebuilders to use all the funds they have earmarked for housing projects, executives said on Tuesday, highlighting the challenges Ireland faces in ramping up much needed supply.

The lack of supply has pushed house prices up 162% from a 2013 trough and roughly doubling rents.