Does anyone understand the Central Bank's latest figures on personal credit?

Brendan Burgess

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I can't reconcile them at all. full figures are [broken link removed]

Total credit to Irish resident private households: €155 billion ( includes €35 billion of securitised mortgages)


But...

Home loans at end of March €116 billion ( from the quarterly arrears stats)
Non housing loans: €20 billion
Residential Investments €24.6
Total : 160.6

But the Residential Investments exclude the securiised figure, so the difference is even bigger...
 
I can't reconcile them at all. full figures are [broken link removed]

Total credit to Irish resident private households: €155 billion ( includes €35 billion of securitised mortgages)


But...

Home loans at end of March €116 billion ( from the quarterly arrears stats)
Non housing loans: €20 billion
Residential Investments €24.6
Total : 160.6

But the Residential Investments exclude the securiised figure, so the difference is even bigger...

My reading of it is:

Housing Loans - 99
Other Loans - 21
Securitised - 35

For a total of 155b

Of the 99b (so called "on-balance sheet loans") 24.6b is for buy-to-let

Jim.
 
Yes, but ignore the securitised loans and just work on the gross loan figures.

They just don't add up.

Brendan
 
I had a quick look Brendan and I can't reconcile it. Think it was mentioned on Irish Economy blog as well that it would be useful if the reports were tied in. Not sure if they are produced using a different methodology but you would think outstanding mortgages is a standard figure.
 
OK, I have been in correspondence with the Central Bank and the figures are as follows:

private dwellings|103 bn
buy to let |30
second/holiday homes|1
Personal lending|21
Total|155
These figures cover lending by resident Credit Institutions only.

They do not include Bank of Scotland as it's no longer a Credit Institution or the sub-prime lenders. When these are added, you get the €115 bn in the Arrears figures.
 
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