Household net wealth up 9% in first quarter

The Central Bank said: 'Investments in financial assets totalling €4.7bn were offset by an uptake in liabilities of €1.3bn.'

The net wealth of Irish households increased by over 9% during the first three months of the year to €484.9bn, new data from the Central Bank of Ireland shows.

According to the data, Irish households’ total financial assets stood at €643.8bn, an increase of €42.8bn compared to the end of December. The increase was mainly driven by insurance and pension entitlements, up €40bn while deposits increased by €2.2bn.