Noonan urges banks to up loans for developers

The finance minister has called on banks to provide more equity to developers to help tackle a housing crisis in Dublin and beyond.

Michael Noonan was responding to comments made by Alan Aherne — economist and former adviser to the late minister for finance, Brian Lenihan — who said that the Government must put pressure on banks to lend to developers.

Mr Aherne also called for an integrated government plan to combat house prices spiralling out of control again.