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Fri 08 Aug 2008Growth in private sector lending hits five-year low
PRIVATE SECTOR lending has fallen back to levels last seen five years ago, as the annual rate of increase in private sector credit fell to 14.3 per cent in June, down from 15.1 per cent in May.
Total private sector lending increased by €2.6 billion, or by 0.7 per cent, to €392.9 billion in June, according to statistics released by the Central Bank in its monthly and quarterly reports.
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