The Irish banking system and that of Cyprus are not comparable. In the case of Cyprus, we understand that substantial off shore interests and resources were deposited in domestic Cypriot banks by foreign parties. The size of the domestic banking system, at 7 times GDP, was large in relation to the real economy, while at the same time concentrating risks in particular areas and in specific banks. In contrast the Irish banking system attracted wholesale funding, from a diversified pool of investors (European, British, American and Rest of World) to support lending to the domestic economy to finance investment which was predominantly focused in Ireland (albeit some Irish banks had significant investments overseas).
In addition, overseas banks made substantial investments in Irish banking subsidiaries to gain exposure to the domestic economy and to extend credit to Irish businesses and households.
For these reasons, it is clear that the Irish banking system and Cypriot banking system are not comparable.