BLBG:Irish Consumer Lenders’ ECB Reliance Rises to 73.1 Billion Euros
Irish consumer lenders’ reliance on European Central Bank funding increased by 1.6 billion euros ($2.1 billion) to 73.1 billion euros in November, according to the country’s central bank.
Irish resident private-sector deposits fell by an underlying 1.3 billion euros during November, driven by a 1.2 billion-euro decline in household deposits, the Dublin-based bank said in an e-mailed statement today. Irish private-sector deposits stood at 162.1 billion euros, it said.
Total deposits from other euro-area residents increased by 1.6 billion euros in the month, it said. Private-sector deposits from non-euro-area residents fell by 2.5 billion euros, with all the outflows in this category relating to lenders based in the International Financial Services Centre in Dublin, the central bank said.
To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net
To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net