Monday 27 March 2017

New approach still doesn't give us the full picture

Laura Noonan

Laura Noonan

MORE than a year into the flight of the deposits, the Central Bank is finally providing data that allows observers to see the cash exodus from Ireland's six 'traditional' banks.

The situation is a marked improvement from the old regime, where 'Irish' banks were lobbed into a group of about 15 banks that have retail operations in Ireland.

But anyone hoping for a eureka moment on the deposit situation is unlikely to find it in the Aggregate Balance Sheet for the 'covered' banks unveiled yesterday.

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