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Domestic economy credit amounts to €219 billion

A new Central Bank measure of total credit in the domestic economy shows the total amounts to €219 billion.

Banks are the largest providers of domestic loans to individuals. The majority of this relates to mortgage lending.

Important role

Non-banks play an important role in the provision of business loans, including to individuals, and are the main providers of some specific loan types.

Credit unions are the largest providers of personal loans to individuals.

Non-lending non-banks had the highest median interest rate, at 5.5% as of end-June 2024, but also held a higher share of mortgage loans with low rates.

The median interest rate on bank-held mortgages at end-June 2024 was 3.95%, the data shows.

The median interest rate on mortgages held by lending non-banks was 2.85%.

The median interest rate on mortgages was higher in June 2024 than it was one year prior, for all three institution types.