Bloomberg News

Irish Consumer Lenders’ ECB Reliance Falls by EU1.1 Billion

January 31, 2012

Jan. 31 (Bloomberg) -- Irish consumer lenders’ reliance on European Central Bank funding fell by 1.1 billion euros to “just under” 72 billion euros in December, according to the country’s central bank.

Irish resident private-sector deposits fell 7.3 percent in December from the year-earlier period, slowing from an annual decline of 9 percent in November, the Dublin-based bank said in an e-mailed statement today.

There was a rise of 108 million euros in Irish resident private-sector deposits during the month of December, driven by a 540 million-euro rise in household deposits. Private-sector deposits from non-residents fell by 4.3 billion euros during December, the vast majority of which relates to IFSC-based banks, the central bank said.

To contact the editor responsible for this story: Dara Doyle at

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