Loans to households fell again in November although at a less pronounced rate than a month earlier, reducing the annual decline to 3.6% from 3.7%.
This is according to new figures from the Central Bank.
Loans to households fell by €264m compared to a drop of €515m in October, the third largest fall of last year.
The Central Bank said that non-mortgage loans drove the November dip as credit advanced for house purchases turned mildly positive.
Meanwhile, private sector deposits increased 2.2% year-on-year, slower than a 2.4% rise in October. Deposits fell by 1.6% on a month-on-month basis in November, a figure that was in line with Government data released last month.
