Sunday 20 January 2019

Bank deposits recover

BANK deposits in Ireland are beginning to grow again following a partial run on banks here which began last September, new figures reveal.

The total amount on deposit stood at €618.5bn in April, a decline of just over €12bn on March.

Deposits in the six State-guaranteed financial institutions were up nearly €2bn to €108bn, the first month-on-month increase in six months.

The figures from the Central Bank outline that deposit flight reached its peak in the final three months of 2010.

In October, the month in which withdrawals were greatest, more than €67bn was withdrawn from Ireland-based institutions.

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