//
Despite turbulence in the world of stocks and shares and the housing market, Pat McArdle told the Independent in Ireland that while mortgage lending may be slowing down overall, the outstanding total is up nine per cent on the same time last year.
Mr McArdle said: "Currently, demand and supply of credit are probably in balance."
"The Irish economy has a good chance of getting back to positive growth once the housing slowdown levels off, probably in 2010," he added.
Over €7 billion, net of repayments, was advanced between January and August 2008, according to the news source.
Construction Industry Federation director general Tom Parlon recently called for banks to begin relaxing lending regulations again in order to stimulate positive economic growth.
Get stocks and shares training with Knowledge to Action.
