Bloomberg News

Irish Consumer Lenders’ ECB Reliance Rises to 71.1 Billion Euros

October 28, 2011

Oct. 28 (Bloomberg) -- Irish consumer lenders’ reliance on European Central Bank funding increased 650 million euros to 71.1 billion euros during September, according to the country’s central bank.

Banks based in Dublin’s International Financial Services Centre accounted for 88 percent of a 5.5 billion euro rise in all Irish-based lenders’ ECB funding to 100.4 billion euros during the month, the Dublin-based bank said in a statement today.

While Irish resident household deposits rose 485 million euros and other euro-area residents deposits increased 1.4 billion euros in September, deposits from non-euro area residents fell 1.5 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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