Dáil Éireann Debate, Thursday - 16 January 2014
77. Deputy Bernard J. Durkan asked the Minister for Finance the extent to which lending institutions here have successfully attracted savings from other jurisdictions; and if he will make a statement on the matter. [2113/14]
View answerTable A.12 from the Central Bank’s Money and Banking Statistics (http://www.centralbank.ie/polstats/stats/cmab/Pages/Money%20and%20Banking.aspx) shows outstanding deposits held in Irish resident credit institutions by non-residents.
The Central Bank’s most recent information release dated 4 January covers the period to November 2013. It stated that non-resident deposits decreased by €1.3 billion during November 2013, following a €333 million decrease in October. November’s decrease reflects decline in deposits from both the non-euro area and the other countries euro area of €662 million and €606 million, respectively. In annual terms, private-sector deposits from non-euro area and other euro area residents decreased by 1 per cent and 11.6 per cent, respectively.
