Deposits from Irish firms at highest levels ever recorded 

Loans to private-sector enterprises suffered a net decline of €1.4 billion, representing the largest quarterly fall since Q1 2011.

The Central Bank said the quarterly increase was somewhat driven by the €1.3 billion growth in deposits by the information and communication sector.

Deposits from Irish private-sector enterprises have increased by €20.6 billion so far this year, representing the largest annual increase ever recorded.

New figures from the Central Bank show deposits from Irish smell, medium and larger enterprises increased by €6.2 billion during the third quarter of 2020 with deposits from enterprises engaged in 'core sectors' (non-financial, non-property related sectors) increasing by €3.9 billion over the quarter, to stand at €66 billion.