Locational Banking Statistics – Q2 2015

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Total External Position¹

• Total external assets of banks resident in Ireland stood at €341 billion at the end of Q2 2015, a decrease of 6 per cent since the second quarter of 2014.
• Total external liabilities of resident banks as at the end of the second quarter totalled €330 billion, down 8 per cent from the previous year.
• Loans and deposits are the predominant instrument type, accounting for 60 per cent of total external assets and 64 per cent of total external liabilities at the end of Q2 2015.

Total External Assets

Total external assets of banks resident in Ireland stood at €341 billion at the end of the second quarter of 2015, down 6 per cent from the previous year. Domestic market² banks accounted for €105 billion, or 31 per cent, of total external assets (Chart 1).

External holdings of debt securities totaled €99 billion at the end of Q2, a reduction of 9 per cent over the year. Securities held by domestic banks stood at €24 billion. IFSC banks account for 76 per cent of debt security holdings. Approximately €30 billion, or 39 per cent, of total external debt securities held by IFSC banks were issued by governments (Chart 2).

Total external loans and deposits (assets), which account for 60 per cent of external assets, stood at €205 billion at the end of Q2, a decrease of 6 per cent over the year. The United Kingdom was the largest counterparty country accounting for approximately €88 billion or 43 per cent of total external loans and deposits (Table 1).

Total External Liabilities

Total external liabilities of resident banks at the end of Q2 stood at €330 billion, a decrease of 8 per cent since Q2 2014. IFSC banks accounted for €233 billion, or 71 per cent, of total external liabilities (Chart 3).

The market value of debt securities issued was €41 billion at the end of Q2 2015 with IFSC banks accounting for 79 per cent of these liabilities. The banking sector was the largest holder of IFSC issued debt securities accounting for €26 billion or 80 per cent of the total securities issued (Chart 4).

External loans and deposits (liabilities) stood at €211 billion at end Q2 2015, representing 64 per cent of total external liabilities. The United Kingdom was the largest counterparty country for external loans and deposits (liabilities), accounting for approximately 35 per cent of the total amount outstanding (Table 2).

Further information

The data and explanatory notes can be accessed here.
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 ¹ Resident bank’s asset and liability positions with non-residents in all currencies and residents in foreign currency.

² Domestic market banks are banks that have a significant level of retail business with Irish households and NFCs, and would exclude the more internationally focused banks in the IFSC. Click for a full list of Credit Institutions Resident in the Republic of Ireland.  Credit Unions are excluded from this set of statistics.