The Department of Finance has released data showing that Irish private sector deposits have stabilised over recent months, and rose €583 million in October based on deposits in banks at Irish and overseas operations.

The figures for consolidated deposits, which include customer deposits from the banks’ Irish and overseas operations, show that there has been a modest growth since the middle of the year. The information was released to provide clarity around deposit movements at Irish banks.

According to the Department of Finance, customer deposits have stabilised since the middle of the year and are now showing modest growth.