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Post Office Savings Bank Fund

Audit Id 1603800345000
Título Post Office Savings Bank Fund
Tí tulo en el idioma original

Post Office Savings Bank Fund


Año 2020

Financial Institutions and Markets



Tipo de acción

Performed by single SAI

Descripción ‘State Savings’ is the combined named applied by the NTMA to a range of government savings products offered to savers in Ireland. Most State Savings products are accounted for in the financial statements of the national debt. The exception is balances held in deposit accounts which are accounted for by the NTMA in the financial statements of the Post Office Savings Bank Fund. The report outlines the purpose of the Fund and tracks trends in its performance in the time since 2011. The report observes that the balance of the Fund reserves has fallen from its peak of €190 million in 2014 to just under €80 million at the end of 2019. The report recommends that the Department of Finance consider the appropriateness of accounting for investments in different ways in different accounts.



Audit report


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Georgina O'Mahony
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