Almost 300,000 personal current accounts opened so far in 2022

There were 297,000 personal current accounts opened so far in 2022, according to the Banking Payments Federation of Ireland (BPFI).

On average, about 11,000 personal current accounts were opened each week.

The number of personal current accounts continued to grow through June and into early July.

About 71,000 personal current accounts were opened in the four weeks ending on July 8th, up from 56,000 in the previous four weeks and more than double the total in the four weeks ending April 15th.

The data was collected by BPFI from AIB, Bank of Ireland, Permanent TSB, An Post Money, CUSOP and Payac.

The figures come as Ulster Bank and KBC's exit from the Irish markey nears, with a portion of new accounting being opened likely to be by customers forced to change bank as a result of the closures.