Outstanding Irish debt falls 5% to €867bn - Central Bank

Wednesday 12 February 2014 12.13
Market-based debt for the banking sector fell to 68.9bn in 2013
Market-based debt for the banking sector fell to 68.9bn in 2013

Irish residents – made up mainly of companies and institutions – had an outstanding debt of €867 billion by the end of last year, according to new figures from the Central Bank.

The figure - relating to outstanding debt securities issued - was 5% lower than a year ago, according to the authority.

Outstanding long-term Government debt made up more than €111 billion of that total, representing a 26% year-on-year.

However market-based debt financing for the banking sector was 18% lower at €68.9 billion.

Nearly a quarter of this amount will fall due in the next 12 months, according to the Central Bank figures.

In the non-financial corporations sector, debt securities issued remained static at €6.9 billion, with 4% of that set to fall due in the next 12 months.