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December deposit levels in Irish covered banks grew to €155.8 billion
Headline deposits at Irish covered banks increased by €1.6bn in December to €155.8bn. On a constant currency basis, deposits were €1.9bn higher month on month in December.
The cumulative growth since the start of the year is strong with headline deposits up €8.7bn (6%) at year-end or €7.9bn on a constant currency basis, although the pace of year on year increase has moderated somewhat.
It is encouraging that as advertised deposit interest rates for both Corporate and Retail customers continue to trend lower across the sector that deposit volumes have remained broadly stable in the second half of the year.
Next publication date
14/02/2013 January Deposit note
14/03/2013 February Deposit note
14/04/2013 March Deposit note