Figures from the Central Bank show that lending to consumers continued to fall last month, though there was a slight pick-up in lending to businesses.
The bank said loans to households were down 4.1% compared with November last year. The annual fall in October was 3.9%. Mortgage lending was down 2.7% over 12 months, while lending for other purposes fell by 8.6%.
During November, lending to households dropped by €363m, with mortgage lending accounting for €221m of the decline.
Lending to business increased by €39m during November, though lending is still 1.5% lower compared with November last year. Falls in business lending have been smaller than those in consumer lending in recent months.
Business loans with terms of between one and five years are showing the biggest falls, according to the Central Bank, while short-term loans of less than one year continue to grow.
The Central Bank figures also show that private sector deposits - deposits from households, businesses, financial institutions and pension funds - fell by more than €1.3 billion during November. The annual rate of decline slowed, however, to 9% from 11% in October.
The bank said deposits held by households dropped by €1.2 billion in November, but it said this could partly be explained by seasonal factors, as household deposits had fallen in every November since 2004.
The amount which has been borrowed by financial institutions from the Central Bank as part of the euro system rose by €3 billion during November to €103.9 billion. The domestic banks accounted for €73.1 billion of this, up €1.6 billion from October.
