herald

Saturday 18 August 2018

Our debts hit €150bn

IRISH households owe a total of €150bn to lenders, new figures show.

The amount consumers had on deposit with the main lending institutions totalled €86.2bn by the end of last year.

This represents a €390m fall compared with the preceding quarter and a 3.3pc drop when measured on a year-on-year basis.

As of the end of December, the level of outstanding mortgage loans stood at €130.6m.

"Floating rate mortgages - which include standard variable rate, tracker rate and mortgages with a fixed rate up to one year - accounted for 86pc of the outstanding amount of loans for house purchase on balance sheet at the end of December," said the Central Bank.

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