Mortgage loans increased by €388m in the month, while in net terms mortgage lending was €518m (0.7%) higher than a year ago, according to the financial regulator’s latest Money and Banking Statistics report.
However seasonal effects pushed the quarterly figures for mortgage lending lower. This, coupled with a €80m (0.5%) decrease in non-mortgage lending led to a 1.4% decline in loans to households by the end of June.
At the same time household deposits rose by €770m in June, the seventh consecutive month of growth.
That pushed overall household deposits to an all-time high of €102.1 billion, with banks holding €11.5 billion more in deposits than loans at the end of June.
This means that Irish households are net funders of the banking system, according to the Central Bank, with an overall loan-to-deposit ratio of 0.89.
In the same report the Central Bank also said that lending to non-financial corporations was €422m higher in June, though net lending declined by €288m on an annual basis.