Savers holding over €100bn

IRISH savers now have €16 billion more sitting in bank accounts than at the height of the SSIA-era.

There is between €104 to €106 billion in household savings in Irish bank accounts, according to the director of business banking with Bank of Ireland Mark Cunningham.

He said when it comes to an assessment of the Irish economy it is things like this that outside observers will look at and think that the economy is sound.