Figures from the Central Bank show that lending to households and businesses continued to fall in July.
The bank said lending to households was down 4.7% compared with a year earlier. The annual drop was 4.5% in June. The drop for mortgage lending was 1.6%, but lending for other areas slumped by 15.4%.
On average, the Central Bank said, the amount of money being re-paid by households has exceeded the amount of new money being lent by more than €800m a month in recent months.
Lending to businesses was down 3% in July compared with a year earlier, bigger than the 2% annual drop in June. The Central Bank said the biggest decline in business lending was for loans of more than five years, while short-term loans of less than one year showed growth.
Deposits from Irish households were down 1.9% in the year to July.
Meanwhile, the total amount of outstanding European Central Bank loans owed by the main Irish financial institutions in July was €58.3 billion.
