The Central Bank has today published the Quarterly Financial Accounts for Ireland which illustrates data for all resident institutional sectors in the country.

Today the Central Bank said that the recent financial crisis highlighted the need for 'close and timely monitoring of financial flows, at both a national and international level'.

'In particular, there is an increasing focus on financial wealth effects; private sector indebtedness; the growth of public debt; the evolution of financial intermediaries' balance sheets; and developments in exposures to the rest of the world,' the bank said.

The bank says the 58% rise in net financial wealth comes on the back of the recovery of stock markets after the financial crisis and a reduction in household borrowings. The accounts exclude housing and non-financial assets.

Article Published: 30/07/2010