Household deposits increased by €6.3 billion, or 4.1 per cent, in the year to the end of October 2024, driven by a €7.9 billion rise in two-year maturity deposit accounts, offsetting a €2.3 billion decrease in overnight deposits.
Deposit accounts with agreed maturity of up to two years have increased by €7.9bn over the year to the end of October
Household deposits increased by €6.3 billion, or 4.1 per cent, in the year to end of October 2024, new figures from the Central Bank show. Overnight deposits represented 87 per cent of the total stock of household deposits at the end of October, but this is a slowly decreasing share from a peak of 93.8 per cent in April 2023. The fall in October was the tenth consecutive drop in annual overnight deposit flows.How could the EU respond if Trump imposes tariffs?After stabilising in September, deposits with a maturity up to two years continue to show a positive annual growth in October 2024, albeit at a slower pace.
But in contrast to previous months, this was mostly driven by a €943 million increase in overnight deposits, while term deposits flows remained positive at €583 million in the month.Net lending to households stood at €408 million in October, the Central Bank also said. This was mostly driven by loans for house purchase, which rose by €333 million, and to a lesser extent by an increase of €113 million in consumer lending.
Housing Market Central Bank Deposit Accounts Economic Growth Banking Sector
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Household deposits rise 3%, reflecting increase in term accountsDeposit accounts with agreed maturity of up to two years have increased by €8.3bn in the year to the end of September
Read more »
Irish inflation remains at three-year low of 0.7% in OctoberLatest official figures, however, show wide variety in rate of price growth between sectors
Read more »
Here's What Team STELLAR Is Loving This WeekSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Read more »
The Irish Brands Killing The Affordable Jewellery GameThe Irish Brands Killing The Affordable Jewellery Game The Irish Brands Killing The Affordable Jewellery Game
Read more »
Spoil Someone Special With These Incredible Exclusive Gift Sets From BootsSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Read more »
Here's What Team STELLAR Is Loving This WeekSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Read more »