Quarterly Financial Accounts

The Quarterly Financial Accounts (QFA) present a complete and consistent set of quarterly financial data for all sectors of the Irish economy. They provide comprehensive information on the financial and investment activities of households, non-financial corporations, financial corporations, government and the rest of the world. The whom-to-whom tables provide information on the interactions between these sectors.

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Key Points – Q2 2026

Publication date: 29 October 2026

Overall, the Irish economy remained a net lender vis-à-vis the rest of the world in the period, as net investment in financial assets exceeded the net incurrence of financial liabilities by €67.9bn.

Financial investment in the quarter was mainly related to equity (€97.5bn), with notable investment in both debt securities (€80.5bn) and deposits (€38.5bn). The total stock of financial assets of the Irish economy reached €14,431bn, up 5.6 per cent compared to the end of Q1 2026.

Total liabilities stood at €14,778bn at the end of Q2 2026, up 5.3 per cent compared to Q1 2026. Transactions in liabilities totalled €146.0bn, mainly driven by investment fund shares and units (€162.3bn), and loans (€81.3bn).

The difference between total financial assets and liabilities of the Irish economy resulted in a net financial wealth position of -€346.8bn, increasing by €25.5bn since the end of the previous quarter.

Financial corporations reported the largest net lending position of any sector: their acquisition of assets surpassed the incurrence of liabilities by €36.3bn. General government and non-financial corporations were also net lenders, with net lending positions of €1.4bn and €30.5bn respectively.

Throughout the period, households and rest of world were the only net borrowers, with the incurrence of liabilities surpassing the incurrence of assets by €0.3bn and €67.9bn respectively.

The investment funds sub-sector was the largest net lender in the period, at €45.8bn. This was due to large net investments in listed shares and long-term debt securities holdings of €82.3bn and €49.6bn respectively.

Other financial institutions were the largest net borrower in the period, at -€23.9bn. This was driven by liability transactions in short-term loans (€38.0bn) and long-term debt securities (€13.6bn).

Total liabilities of Irish NFCs decreased by €22.7bn to stand at €2,886bn in Q2 2026, primarily driven by negative transactions in trade credit and advances (-€43.6bn). In contrast, NFCs’ debt (loans and debt securities liabilities) increased by €15.3bn to €610.8bn, mainly driven by an increase in long-term loans.

Equity remained the main source of funding for NFCs, with listed and unlisted shares amounting to 62.1 per cent of the sector’s total liabilities.

The financial net wealth of Irish households increased by €31.8bn in the quarter, to reach €473.4bn. Positive revaluations contributed with €29.8bn to this movement, while financial asset transactions of €5.1bn were broadly offset by liability transactions of €5.3bn.

Households’ total financial assets stood at €635.9bn, an increase of €35.3bn from the end of the previous quarter. This was mainly driven by positive revaluations of insurance and pension entitlements (€22.5bn) and of equity and investment fund shares (€5.5bn).

Total household liabilities increased by €3.5bn to €162.5bn at end-Q2 2026, primarily driven by a €3.8bn growth in long-term loans to €154.4bn.

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