Wednesday, March 2, 2011

02/03/2011: CB data - Total deposits

In the next few posts I will be covering the data released yesterday by the Central Bank.

Here are two telling charts rarely seen side by side:
Let's spell out some numbers:
  • Total deposits from non-residents fell 36.35% year on year in January 2011 (€190.88bn) and 3.71% mom (€12.685bn)
  • Private sector deposits from non-residents fell 22.89% yoy (€22.888bn) or 0.79% mom (€0.616bn)
  • Total private sector deposits from Irish residents declined 9.05% yoy (€16.613bn) and 0.82% (€1.6387bn) mom
  • No media outlet to my knowledge told us just how much distrust in our financial system do foreigners have
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