Michael McGrath (Cork South Central, Fianna Fail)
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81. To ask the Minister for Finance the amount of lending for development purposes, residential and commercial by regulated financial entities and unregulated entities for each of the years 2014 to 2016 and to date in 2017. [22656/17]

Michael Noonan (Limerick City, Fine Gael)
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I have been informed by the Central Bank that the amount of net lending to business for development purposes in respect of residential and commercial property is as follows:

Residential

The amount of net lending for residential purposes was -€739 million in 2014. The total outstanding figure stood at €11.8 billion at the end of 2014.

The amount of net lending for residential purposes was -€898 million in 2015. The total outstanding figure stood at €4.8 billion at the end of 2015.

The amount of net lending for residential purposes was -€521 million in 2016. The total outstanding figure stood at €3.3 billion at the end of 2016.

Commercial

The amount of net lending for commercial purposes was -€657 million in 2014. The total outstanding figure stood at €12.5 billion at the end of 2014.

The amount of net lending for commercial purposes was -€962 million in 2015. The total outstanding figure stood at €10.1 billion at the end of 2015.

The amount of net lending for commercial purposes was -€762 million in 2016. The total outstanding figure stood at €8.9 billion at the end of 2016.

The data refers to lending to businesses by Irish resident banks for the purposes of ‘Property investment/development of residential real estate’ and ‘Property investment/development of commercial real estate’.

It is sourced from the following Business Credit and Deposits Statistics Table A.14. as published by the Central Bank of Ireland.

Please note that data for 2017 has yet to be released and is set to be released in mid-June.