Households and businesses collectively owe €225bn to banks and other credit institutions

Borrowers in Dublin have the largest average debt in the country at €73,217

The data on debt per household comes as the Central Bank also released the latest interest rate figures offered on mortgages in Ireland. File picture

The average borrower in Dublin and its surrounding counties has over €70,000 in debts, the highest in the country, as new Central Bank of Ireland data reveals that households and businesses owe collectively €225bn to banks and other credit institutions.

As of the end of September, Irish households and businesses owe €225bn to banks and other credit institutions which is an increase of €2.1bn compared to the end of June.