Frontier Statistics: Total Domestic Credit

A View of Domestic Lending Through the Central Credit Register (CCR) – September 2024

The Total Domestic Credit Frontier Statistics present data on the total amount of personal and business loans in Ireland which are included in the Central Credit Register (CCR), and a breakdown of loans by borrower, lender and loan type.

Total Credit figures are compiled from the CCR, a database containing records of loans and loan applications of over €500 borrowed by Irish residents or governed by Irish law. These statistics provide additional context to the Irish credit landscape alongside the Central Bank of Ireland Official Credit and Banking Statistics. Notable differences between these statistics may be explained in the explanatory notes.

Key Observations

  • Banks are the largest providers of domestic loans to individuals. The majority of these loans relate to mortgage lending on the borrower’s Principal-Dwelling Home (PDH).
  • Non-banks play an important role in the provision of business loans to individuals, and are the main providers of some specific loan types (see below).
  • Credit unions are the largest providers of consumer installment loans to individuals.

Overview - Total Credit

Key Indicator - Total Domestic Credit

The outstanding credit advanced to Irish households and businesses in September 2024 was €216.4bn.

Total credit generally remains steady from month to month

Total credit outstanding (€ bn)

Point plot of total outstanding credit per month for January 2023 to September 2024. Full summary below in notes.
Notes: Total outstanding credit per month remains steady, and the total outstanding credit in September 2024 is €216.4bn.

Overview - Borrowers and Lenders

Banks are the largest lenders, and individual personal loans make up the largest loans.

Total credit by lender and borrower type (September 2024)

Sankey diagram demonstrating the value of loans by lender and borrower. Full summary below in notes.
Notes: The Sankey diagram shows that in September 2024, Banks are the largest lenders, lending €137.4bn of the €216.4bn of total credit. Individual personal credit is the largest borrower type, borrowing €134.6bn.

The largest credit transactions take place between banks and individuals in loans for their personal use.

Total credit transactions by lender and borrower type (September 2024)

Chord diagram showing the flow of credit from lenders to borrowers. Full summary below in notes.
Notes: The chord diagram shows that the flow of lending from Banks to Individual personal credit holders is the largest single transaction between lenders and borrowers in the domestic economy in September 2024.
Key Indicator - Average Individual Debt

Average individual debt per capita in Ireland is €25,759 (September 2024)

Key Indicator - Home Mortgage Loans

The outstanding amount of Principal-dwelling home mortgage loans to individuals is €105 billion (September 2024)

The majority of loans (62%) are individual personal loans which includes Principal-Dwelling Home (PDH) mortgages, loans for personal consumption as well as other loan types to individuals.

Outstanding debt by borrower type (September 2024)

Gauge plot of the percentage of debt by borrower type - Companies, individual personal credit and individual business credit. Full summary below in notes.
Notes: The chart shows that Individual personal credit comprises 62% of the total credit in September 2024 (€134.6bn), while Companies hold 32% (€69.7bn) and 6% (€12.1bn) is attributed to Individual business credit.

Principal Dwelling Home (PDH) mortgages comprise the largest type of individual loan by value.

Loan type

Percentage of total

Mortgage – Principal Dwelling Home (PDH)

78.33%

Personal Installment Loan

8.81%

Mortgage – Buy to Let (BTL)

6.8%

Hire Purchase (excl. personal contract plans)

2.40%

Credit Card

1.47%

Personal Contract Plans

1.48%

Other

0.71%


Credit by Lender Type

Total Credit by Lender Type (September 2024)

Gauge plot of the percentage of credit by lender - Bank, Non-Bank, Government and Credit Union. Full summary below in notes.
Notes: The chart shows that as at September 2024, Banks lend 63% of the total credit (€137.4bn), Non-Banks hold 28% (€59.6bn), Government holds 5% (€11.7bn) and 4% (€7.7bn) is attributed to Credit Unions.

Banks are providing most of the credit in the economy and these proportions have been static in recent months.

Total Credit by Lender Type

Bar plot showing the proportion of credit by lender type from January 2023 - September 2024. Full summary below in notes.
Notes: The time series tracks the proportion of credit by lender types - Bank, Non-Bank, Government and Credit Union. The proportions have remained steady, with Banks dominating total credit, followed by Non-Banks, Government and Credit Unions.

Credit by Borrower Type

Non-banks play a far greater role in providing credit to companies than to individuals.

Outstanding debt by lender and borrower type (September 2024)

Horizontal bar plot of the percentage of debt by lender and borrower type. Full summary below in notes.
Notes: Within this chart for September 2024, for each borrower (Companies, Individual personal credit and individual business credit), there is a bar breaking down the proportion of credit into lenders - Bank, Non-Bank, Government and Credit Union. While Banks dominate lending in Individual personal credit (72.5 %), Non-Banks provide 62% of credit in Individual business credit, and 34.1% to Companies - larger than the 21% for Individual personal credit.

Individual Personal Credit

Banks dominate the market in individual personal loans.

Total individual personal lending by lender type (September 2024)

Donut plot of the percentage of credit per lender type for individual personal credit. Full summary below in notes.
Notes: The donut plot is broken down into the proportion of credit in September 2024 given by lenders - Bank, Non-Bank, Government and Credit Union. Banks provide 72.5% of credit, at €97.6bn, followed by non-banks (21%, €28.3bn), credit unions (5.6%, €7.5bn) and Government (0.9%, €1.2bn).

Company Credit

Non-banks play a relatively greater role in lending to companies.

Total lending to companies by lender type (September 2024)

Notes: The donut chart shows that in September 2024, Banks provide 52.1% of credit, at €36.3bn, followed by Non-Banks (34.1%, €23.8bn), and Government (13.8%, €9.6bn).
Notes: The donut chart shows that in September 2024, Banks provide 52.1% of credit, at €36.3bn, followed by Non-Banks (34.1%, €23.8bn), and Government (13.8%, €9.6bn).

Individual Business Credit

Non-banks are the dominant providers of individual business loans.

Total individual business lending by lender type (September 2024)

Donut plot of the percentage of credit per lender type for individual business credit.  Full summary below in notes.
Notes: The donut plot for September 2024 shows that Non-Banks provide 62% of credit, at €7.5bn, followed by banks (28.7%, €3.5bn), Government (8%, €1bn), and credit unions (1.3%, €0.1bn).

Principal-Dwelling Home (PDH) mortgage loans

Banks are the dominant holders of Principal-Dwelling Home (PDH) mortgage loans.

Total Principal-Dwelling Home (PDH) mortgage loans by lender type (September 2024)

Gauge plot of the percentage of Principal-Dwelling Home (PDH) mortgage loans by lender - Bank, Non-Bank, Government and Credit Union. Full summary below in notes.
Notes: The chart shows that for September 2024 Banks lend 82% of the total mortgage credit (€86.4bn), Non-Banks hold 16.3% (€17.22bn), Governments hold 1% (€1.09bn) and 0.7% (€0.73bn) is attributed to Credit Unions.

Personal Installment Loans

However, Credit Unions are the dominant providers of personal installment loans.

Total personal installment loans by lender type (September 2024)

Alt text – Gauge plot of the percentage of personal loans by lender - Bank, Non-Bank, Government and Credit Union. Full summary below in notes.
Notes: The chart shows that for September 2024, Credit Unions dominate with 57.2% of personal loans (€6.79bn), followed by Banks (31.7%, €3.76bn), Non-Banks (10.7%, €1.27bn) and Government (0.4%, €0.04bn).

Publication note: This series is awaiting refreshed data and will be updated in due course.

Data


Total Domestic Credit Frontier Statistics Tables | xlsx 29 KB

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