Tuesday 20 February 2018

New approach still doesn't give us the full picture

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.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss