Deposits held by the Irish banks rose by 0.6% in March, new figures from the Department of Finance show today.
The figures indicated no knock-on effects from the tax on savers imposed under Cyprus' bailout last month.
Deposits at Bank of Ireland, Permanent TSB and AIB rose by €0.9 billion to €155.6 billion due to strong retail inflows, the department said.
A large outflow of deposits before Ireland's bailout left the banks dependent on the ECB for funding but that reliance has fallen steadily over the past two years and dropped another 10% to €39.6 billion last month.
The department also said that the ending of the ELG Scheme on March 28 has not had an impact on deposit volumes in the covered banks.
