Bank deposits jump by €2bn

Customer deposits held by the four State-covered banks jumped by €2 billion in December, and have been steadily on the rise since September, according to new figures published by the Department of Finance.

Deposits across the four institutions — Bank of Ireland, AIB, Permanent TSB and the Irish Bank Resolution Corporation (formerly Anglo Irish Bank and Irish Nationwide) — have been stable “for a number of months”, with net inflows evident since the third quarter of 2011, the department said in its latest deposit survey.

On a combined basis, deposits held by the banks amounted to €147bn as of the end of December. This was up from €145bn in November and €144bn in October.