Almost one in five of all consumer loans issued by Irish financial institutions and around €20bn of mortgages may be in arrears.

The Central Bank only publishes three-month arrears figures for mortgages, which currently stands at around 7.2%.

Over 12% of mortgages are currently at least one month in arrears.

This includes mortgages in mediation or before the courts.

Arrears on non-mortgage debt is much higher. Up to 18% of all personal debt is at least one month in arrears. This includes car loans and credit cards.

Chief Executive of the Irish Credit Bureau Seamus O'Tighearnaigh said the level of arrears is likely to be in this range.

The ICB compiles and shares data on missed loan payments from all the main Irish banks and around half of all credit unions.