Written answers
Thursday, 21 July 2011
Department of Finance
Credit Availability
7:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 109: To ask the Minister for Finance the number of new residential mortgages approved by AIB; and the number drawn down to date in 2011 [22292/11]
Michael McGrath (Cork South Central, Fianna Fail)
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Question 110: To ask the Minister for Finance the number of new residential mortgages approved by Bank of Ireland; and the number drawn down to date in 2011 [22293/11]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 109 and 110 together.
The financial institutions named by the Deputy do not publish information pertaining to residential mortgage approvals as they deem this information to be commercially sensitive.
The most recent "IBF/PwC Mortgage Market Profile Quarterly Report on New Lending", which contains data relating to loans granted by IBF/IMC member institutions on an aggregate basis up to the end of Q1 2011, shows that there were 3,259 mortgage loans issued in this period with €577m in mortgages drawn down.
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