Household deposits, loans fall in November

Household deposits fell in November along with home loans, but companies drew down more loans that they repaid, new data from the Central Bank showed.

The bank said the €653 million fall in deposits partially reversed a strong increase recorded the previous month, but was in line with seasonal trends established over more than a decade.

The monthly statistics indicated a €315 million fall in loans for home purchases, which accounts for the majority of household lending. Lending for consumption and other purposes rose by €33 million.