Behind the Data

Behind the Data Behind the Data shines a light on interesting financial and economic trends by taking a closer look at data collected the Central Bank.

Has demand for new loans changed during the COVID-19 crisis?

New daily data suggest the demand for loans fell during March 2020 and the first half of April although overdraft applications, mainly for business purposes increased.

Rory McElligott, Martina Sherman and Maria Woods*
May 2020
The demand for loans is important for understanding current and future economic developments, including demand for property and company investments. However, demand for certain types of loans, such as overdrafts, may indicate cash-flow pressures.
Read the full text

How has the COVID-19 Pandemic Affected Daily Spending Patterns?

New data reveals consumers spending less on cards and making fewer ATM withdrawals as COVID-19 pandemic continues.

Andrew Hopkins and Martina Sherman
April 2020
While the outbreak of COVID-19 and associated public health measures has had a dramatic effect on day-to-day life in Ireland, it has also had a marked impact on how we are spending our money.
New data published by Central Bank of Ireland has found that spending on credit and debit cards initially increased as the government announced the first set of containment measures on 12 March, before falling in the second half of the month. Meanwhile, the daily value of cash withdrawals from ATMs collapsed by 40 per cent over the same period.
Read the full text

Exchange Traded Funds Held by Households: A Securities Holdings Perspective

Patrick Hughes and Siobhán O’Connell
January 2020

The Central Bank of Ireland publishes a wide range of data on investment funds. However, there is one fast-growing part of the sector for which there is limited information available. Exchange Traded Funds or ETFs are funds traded on stock exchanges the same way as equities. ETFs have experienced exponential growth both in Ireland and the euro area in recent years but information on the sector is lower compared to other fund categories, particularly with respect to household holdings. This “Behind the Data” piece fills that information gap and takes a closer look at the sector’s rapid rise.
Read the full text.

The Who’s Who of Irish Collateralised Loan Obligations

Barra McCarthy, Tarek Elbay, Pierce Daly and Simone Cima
November 2019

Recent growth in corporate indebtedness has been identified by the European Central Bank, US Federal Reserve, Bank of England and Central Bank of Ireland as a potential financial stability risk. Specifically, they have highlighted the growing size of the market for leveraged loans. These are subprime loans provided to borrowers who already have significant debt, or have a poor or non-existent credit history. A significant portion of leveraged loans are syndicated, which means that there are multiple lenders providing the loan.
Read the full text.

A New High in Irish Household Wealth: What is Different this Time?

Faris Bader and Cormac O'Sullivan
June 2019
The wealth of the Irish household sector has surpassed the pre-crisis peak. This recovery, outlined in recent Quarterly Financial Accounts, primarily reflects developments in house prices, the accumulation of financial assets as well as the considerable deleveraging that followed the financial crisis.
Read the full text.