New Central Bank figures show that the amount of money being loaned in the economy continued its downward trend in September.
The bank said net mortgage lending fell by €14m in the month - the sixth monthly drop in a row.
This means that once again the amount being re-paid on existing mortgages was more than the amount given out in new mortgages.
The fall brought the annual rate of growth in mortgage lending down to 0.3% from 0.8% in August.
The Central Bank also says that total lending in the economy fell by €4.4bn in September.
As was the case in previous months, this was mainly due to write-downs of the value of loans. The strength of the euro also affected the value of loans.
Excluding these factors, there was still a small fall in lending in September, the Central Bank said.
The Central Bank figures also show that the amount spent by consumers on their credit cards in September was almost 15% down compared with the same month last year.
