Written answers
Thursday, 20 June 2019
Department of Finance
Construction Industry
Michael McGrath (Cork South Central, Fianna Fail)
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78. To ask the Minister for Finance if the Central Bank gathers data on the way in which the construction sector here is funded; the amount of funding to developers provided by banks in each year since 2016; the amount of funding provided by international funds in the same years; and if he will make a statement on the matter. [26030/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by the Central Bank that its Statistics division collect data on the outstanding stock of Credit Advanced to Irish Resident Private-Sector Enterprises by Irish banks relating to the Construction and Real Estate Sectors.
This information can be found on the Central Bank's website in Table A.14 -Credit advanced to Irish resident- private enterprises. (Link below)
The annual outstanding stock since 2016 is summarised below in Euro millions.
Lending for the purpose of: | 2016 | 2017 | 2018 |
---|---|---|---|
Construction* | 755 | 764 | 683 |
Real Estate, Land and Development Activities** | 15,447 | 14,334 | 12,647 |
* Constructionconstitutes: Construction of buildings carried out on contract; Civil engineering activities carried out on contract; Other construction activities.
** Real Estate, Land and Development Activitiesconstitutes: Property investment/development of residential/ commercial/mixed real estate; Investment in unzoned land; Other real estate activities.
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