Irish banks owe €364bn to non-residents

The external liabilities of bank branches throughout Ireland stood at €392 billion at the end of Q1 2013, according to the Central Bank.

This is an increase of 11 per cent on the same quarter last year, locational banking statistics published this morning show. Liabilities to non-residents accounted for 93 per cent (or €364 billion) of the external liabilities of all banking offices in Ireland.

Non-residents are made up of households abroad, foreign credit institutions and governments, and insurance corporations based abroad.

Loans and deposits vis-á-vis non-residents accounted for 94 per cent (or €234 billion) of the liabilities of all banking offices resident in Ireland.

During the first three months of the year, banking offices in Ireland reported a total loss of €194 million. This was on operating income of €2.9 billion for the same period.

At end of Q1 2013, the total external assets of all banking offices resident in Ireland stood at €421 billion, which is unchanged from the same quarter last year. Domestically-relevant banks accounted for €128 billion (or 30 per cent) of the external assets of the Irish banking system.

The UK accounted for 65 per cent (or €83 billion) of the external assets of the domestically-relevant banking sector, up from 63 per cent in Q4 2012.

Debt securities, which are negotiable or tradable loans, stood at €126 billion (or 30 per cent of total external assets. Debt securities vis-a-vis non-residents accounted for 99 per cent (or €125 billion) of the assets of all banking offices resident in Ireland.