Figures from the Central Bank show that the amount of money being lent to households fell sharply again in June.
The Bank said the value of loans to households fell by 4.1% in the year to June, a bigger fall than the 3.1% in May.
Mortgage lending was down 1.5% over the year, while lending for other spending slumped by 13.1%.
The Central Bank said the amount being repaid by households exceeded the amount being borrowed by €900m in June.
But the bank said businesses drew down €420m more in loans than they repaid during the month, leading to a smaller annual fall in lending to firms.
The annual rate of decline slowed to 2.5% in June from 3.9% in May.
The figures show the main banks and building societies borrowed €54.8bn from the Central Bank in June.
