Household deposits increase to almost €1.2bn in April

Annual growth in consumer loans continues to rise, up by €316m or 2.8%, in the year to end-April 2022. Picture: Clodagh Kilcoyne

Figures released by the Irish Central Bank today showed that household deposits increased by almost €1.2 billion in April 2022. 

The Money and Banking statistics published by the Irish Central Bank revealed that the annual growth rate has declined from the highs of 13.2% seen in February 2021, during the Covid-19 pandemic. The 6.2% annual growth in household deposits recorded in April was similar to the pre-pandemic period in late 2019.