€1bn lent by Bank of Ireland for mortgages last year

on 18/01/2013 11:01:07

Bank of Ireland has said that it lent more than €1bn in mortgages to customers in 2012.

The bank, which provided around 40% of all mortgages in Ireland last year, said that the €1bn figure refers to new loans drawn down.

Almost 90% of the mortgage draw-downs were to customers buying their first home or moving to a new home.

Bank of Ireland said that the average first-time buyer mortgage with them in 2012 was for €153,000, while the average age of first-time buyers was 32.