Dáil Éireann Debate, Thursday - 23 June 2011
53 Deputy Peter Mathews asked the Minister for Finance if there are non-repatriated profits on deposit at banks located in the International Financial Services Centre; the amounts on deposit in Irish banks and the amounts on deposit in foreign banks; and if he will make a statement on the matter. [16909/11]
Amharc ar fhreagraI am informed by the Central Bank that it does not hold or require regulated firms to provide it with any information in respect of non-repatriated profits for any group of firms. Banks secure their funding from a variety of sources and also receive deposits from their customer base. There is no distinction made by banks reporting to the Central Bank on the nature of the funding or deposits, be it from surplus working capital, cash or profits retained by depositors pending future investment. The Central Bank does however publish aggregate deposit statistics in its monthly Money and Banking Statistics series, which can be accessed at www.centralbank.ie. The Central Bank has advised that the value of deposits in the Money and Banking Statistics only includes the resident offices of the banks; it does not include foreign branches and subsidiaries
The Central Bank has informed me that the value of deposits from Irish residents and deposits from non-residents held in Irish resident credit institutions at the end of April 2011 is as follows:
|
Month |
Deposits from Irish Residents |
Deposits from non-residents |
|
|
Euro area |
Rest of the world |
||
|
April 2011 |
€319,478m |
€135,611m |
€163,391m |
