Credit unions could have an extra €5.5bn to lend to homebuyers and businesses

Credit unions could have an extra €5.5bn to lend to homebuyers and businesses

The Central Bank document sets out a plan to decouple the limits currently imposed and to prescribe new separate limits for house lending and business lending. 

Credit unions could have an additional €5.5bn to lend to homebuyers and businesses under proposed new Central Bank rules.

The Central Bank has published the findings of a public consultation on changes that could see credit unions allowed to lend more of their assets.

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