Thursday, 20 June 2019

Ceisteanna (78)

Michael McGrath

Ceist:

78. Deputy Michael McGrath asked 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]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

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

* Construction constitutes: Construction of buildings carried out on contract; Civil engineering activities carried out on contract; Other construction activities.

** Real Estate, Land and Development Activities constitutes: Property investment/development of residential/ commercial/mixed real estate; Investment in unzoned land; Other real estate activities.

https://www.centralbank.ie/statistics/data-and-analysis/credit-and-banking-statistics/sme-large-enterprise-credit-and-deposits