Non-bank lenders 'a core part of mortgage market' as household debt rises by almost €2bn

Banks are still the largest domestic lenders to Irish households, accounting for €104.5bn

As of the end of March, Irish households had a combined €155.3bn in total outstanding loans — up by €1.85bn when compared to March 2024. Picture: iStock

Irish household debt has increased by nearly €2bn in the year to the end of March, as the total value of mortgage debt held by banks increased by over 3%, new data from the Central Bank of Ireland shows.

As of the end of March, Irish households had a combined €155.3bn in total outstanding loans — up by €1.85bn when compared to March 2024. Of that total, banks are the largest domestic lenders to Irish households, accounting for €104.5bn.