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Feb 4 2021, 06:45 GMT
In 2019, bank lending to Irish households and companies expanded for the first time after more than a decade of deleveraging. COVID has delayed this inflection point, but housing market activity and stronger SME investment will create credit demand as uncertainty dissipates. Clarity on Brexit will help, and recent indicators paint a relatively encouraging picture. In this report, we set out why we believe bank lending will soon expand again.