9. Post Office Savings Bank Deposits
Post Office Savings Bank Fund
2015 €'000 |
2014 €'000 |
|
---|---|---|
Post Office Savings Bank Deposits | 2,763,939 | 2,670,290 |
In 2015 €3,570,517 (2014: €2,226,367) was transferred from the Fund to the Dormant Accounts Fund under the Dormant Accounts Act, 2001. At 31 December 2015, a liability of €42,612,249 (2014: €38,933,835) remained following account reactivations of €468,202 (2014: €730,147) and the capitalisation of interest (net of DIRT) of €42,859 (2014: €59,350). If reclaimed by POSB depositors this is payable from the Dormant Accounts Fund. The POSB deposits of €2,763,939,004 (2014: €2,670,289,962) do not include this liability.