Demand for residential mortgages showed further strong growth in June with the Central Bank reporting a 23.9 per cent increase.
The Bank said the underlying increase in the amount of money loaned by Irish banks and building societies for mortgages was €1.1 billion.
This compares with a total of €942 million lent out for mortgages in May of this year.
Last month the Bank expressed concern at the sustained demand for residential mortgages. It has noted that many financial crises have been preceded by rapid loan growth and asset-price escalation.
Credit growth figures compiled by the Bank showed that the annual adjusted rate of private sector growth slowed to 13.5 per cent from 15.5 per cent on May.
In its monthly review the Bank noted that overall lending by credit institutions to non-Government customers in Ireland increased by €898 million to €147.9 billion in June.
The demand for term loans in June increased marginally by €842 million.
The value of the SSIA schemes held by credit institutions in the State rose by €130.9 million to €2.3 billion in June.