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.
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