Credit to households was €99.5 billion at the end of June, showing an annual decline of 3.9 per cent, according to new figures from the Central Bank.

Total deposits held by Irish households in resident credit institutions decreased 0.5 per cent over the year to €86.3 billion.

The outstanding amount of mortgage debt stood at €83.6 billion at the end of June and 50 per cent of outstanding loans for house purchases are on tracker mortgages

Non-housing related lending accounts for €175.9 billion, or 16 per cent, of all on-balance sheet credit at resident credit institutions at the end of June.

Lending in this category fell by 11.9 per cent in the year to the end of June.

The total amount of loans outstanding to private households, including loans that have been securitised and continue to be serviced by resident credit institutions, stood at €140.4 billion.