Locational Banking Statistics – Q1 2016

15 June 2016 Press Release

View information release with charts and related data tables.

Summary

Total external assets of banks resident in Ireland stood at €310 billion at the end of Q1 2016, a decrease of 13 per cent year on year.
Total external liabilities of resident banks as at the end of the first quarter totalled €293 billion, down 14 per cent from the previous year.
Loans and deposits are the predominant instrument type, accounting for 61 per cent of both total external assets and total external liabilities at the end of Q1 2016.

Total External Assets

Total external assets of banks resident in Ireland stood at €310 billion at the end of the first quarter of 2016, down 13 per cent from the previous year. Domestic market[1] banks accounted for €83 billion, or 27 per cent, of total external assets (Chart 1).

External holdings of debt securities totalled €85 billion at the end of Q1, a reduction of 18 per cent over the year. Securities held by domestic banks stood at €18.5 billion. IFSC banks accounted for €66.5 billion of debt securities holdings. Approximately €27 billion, or 41 per cent, of total external debt securities held by IFSC banks were issued by the government sector (Chart 2).

Total external loans and deposits (assets), which account for 61 per cent of external assets, stood at €190 billion at the end of Q1, a decrease of 9 per cent since Q1 2015. The United Kingdom was the largest counterparty country accounting for approximately €72 billion or 38 per cent of total external loans and deposits (Table 1).

Total External Liabilities

Total external liabilities of resident banks at the end of Q1 stood at €293 billion, a decrease of 14 per cent since Q1 2015. IFSC banks accounted for €225 billion, or 77 per cent, of total external liabilities (Chart 3).

The market value of debt securities issued was €41 billion at the end of Q1 2016 with IFSC banks issuing 84 per cent of these liabilities. The non-resident banking sector was the largest holder of IFSC issued debt securities holding €22 billion or 64 per cent of the total external securities issued (Chart 4).

External loans and deposits (liabilities) stood at €180 billion at end Q1 2016, representing 61 per cent of total external liabilities. The United Kingdom was the largest counterparty country for these loans and deposits, accounting for approximately 28 per cent of the total amount outstanding (Table 2).