Mortgage lending dips further in December, central bank says
Fall in business loans eases up08 February, 12:20
This compared to a 0.3% decrease the previous month and to a 0.1% drop in October.
Analysts attribute the fall in mortgage lending to several factors including the drop in disposable household income, tightening of loan criteria by banks and high interest rates. Instead business loans showed an opposite trend, with the drop in lending slowing to 2.2% in December on a monthly basis compared to 3.4% in November.