August sees increase in level of deposits in Irish banks
Official figures published this morning show that the level of deposits at Irish banks rose marginally last month.
There is now €153bn on deposit at the banks - which is almost 10% more than when they were last bailed out in August 2011.
However the deposits are down by roughly €1.4bn in the last 12 months - though the Central Bank of Ireland says this was to be expected, because banks are now finding it easier to raise money without the help of the ECB or the Irish Government.
Meanwhile, the amount borrowed from the ECB has also continued to fall. It now stands at €34bn.
That is half of the amount which the banks had borrowed two years ago, and a significant drop from late 2010 when the banks were at their most reliant on these loans.
