Friday, October 18 15:20:25
Deposit volumes remained broadly stable in September 2013 at E154.3 billion, with deposits increasing by E1.6 billion month-on-month while banks used slightly less emergency funds from the ECB.
The Department of Finance said that this was largely due to short-term inflows, which are expected to leave the system in the coming months.
Meanwhile, Sterling also continued to strengthen against the Euro during September.
Drawings from the ECB by Covered Banks continuing to decline during the month of September to stand at E32.68 billion.
Banks operating in Ireland (i.e. both covered and non-covered banks) continue to reduce their level of borrowing from the ECB. During September total utilisation of ECB facilities by banks in Ireland declined marginally by c.-E0.7 billion (c.-2pc) to c.E42.6 billion - the lowest level since September 2008.