Bloomberg News

Irish Banks’ Private Sector Deposits Fell Annual 10.4% in August

September 30, 2011

Sept. 30 (Bloomberg) -- Irish resident private-sector deposits fell at an annual rate of 10.4 percent in August, according to the country’s central bank. That matched the rate recorded in July, as reported by the bank on Aug. 31.

Irish private sector deposits declined an underlying 895 million euros during August, the Dublin-based bank said in an e- mailed statement today. Separately, private-sector deposits from other euro-area residents rose by an underlying 217 million euros in August, while those from non-euro area residents increased by 179 million euros, it said.

Irish consumer lenders’ reliance on European Central Bank funding rose by 90 million euros to 70.5 billion euros during the month, it said.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net


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