Deposits in Irish banks fall by 3%

Dublin: Deposits in commercial banks in Ireland fell more than 3% in December from the previous month, while banks in other crisis-hit eurozone states fared better, European Central Bank data showed.

Irish banks saw deposits fall to €201.1 billion from €207.9bn the previous month and from €213.8bn in October.

Monthly fluctuations in the figures are common, though such sharp consecutive drops in countries with stable banking systems are unusual.