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BPFI 8 July update show some 297,000 personal current accounts opened by BPFI members to date in 2022

Niall Faherty

  • About 71, 000 PCAs were opened in the four weeks ending 8 July.

BPFI members opened some 297,000 personal current accounts (PCAs) in 2022 up to 8 July.

On average, about 11,000 PCA were opened each week. The number of PCAs continued to grow through June and into early July. About 71,000 PCAs were opened in the four weeks ending 8 July, up from 56,000 in the previous four weeks and more than double the total in the four weeks ending 15 April.

Notes:

Banking and Payments Federation Ireland (BPFI) is the principle voice of the banking and financial services sector in Ireland. This analysis is produced by BPFI every four weeks and is based on data collected by BPFI from the following members: AIB, Bank of Ireland, permanent tsb; An Post Money, Cusop, Payac (from 13 June 2022). Figures up to 10 June were restated for 8 July based on revised data received from members.

The report can found at: https://bpfi.ie/wp-content/uploads/2022/08/Personal-current-account-opening-update-8-July-2022.pdf

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Contact: Olivia Buckley, Director of Public Affairs, olivia.buckley@bpfi.ie, 087 6298113

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