Home > Financial > Banks demand for mortgage lending slowing

Banks demand for mortgage lending slowing

Written by Robert McHugh, on 24th Oct 2018. Posted in Financial

article headline

The Central Bank yesterday published its quarterly lending survey for the third quarter of this year. Credit standards to households remained unchanged, but overall loan demand for house purchases fell for the first time since the second quarter of 2015, this was impacted by regulatory conditions and competition from other banks.
 
The survey notes that demand in the fourth quarter of 2018 is expected to be unchanged. For enterprises, both credit standards on loans and demand for loans were unchanged in the third quarter, though credit standards are expected to tighten in the fourth quarter across all categories except SME lending, whilst loan demand is expected to rise across all categories except loans to large enterprises.
 
Source: www.businessworld.ie 
 

More articles from Financial

image Description

90.3% of new Irish SME lending was from the top three lenders in last quarter of 2019

Read more
image Description

Central Bank wants new law to stop bankers hiding wrongdoing

Read more
image Description

AIB forms joint venture to acquire Payzone

Read more
image Description

Irish central bank seeks to activate systemic risk buffer for banks

Read more
image Description

Average spend of €110,000 will be invested by SMEs over next three months

Read more