Economic and Investment Outlook

Diverse holders of Irish debt Sticky sources account for greater than 60% Ireland roughly split 85/15 on non-resident versus resident holdings (Q4 2022) "Sticky" sources - official loans, Eurosystem, retail - make up c. 60% of Irish debt 250 200 Other Debt 150 (incl. Official) 23% IGBS Private Non Resident 100 31% 50 Retail, Resident 11% Eurosystem 31% Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Short term 0% IGBS Private Resident 3% Source: CBI, Eurostat, ECB 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 IGBS - Private Non Resident Short term Retail Total Debt (€bns) 2018 2019 2020 2021 2022 IGBS Private Resident Eurosystem Other Debt (incl. Official) Source: CBI, Eurostat, ECB IGBS excludes those held by Eurosystem. Eurosystem holdings include SMP, PSPP, PEPP and CBI holdings of FRNs. Figures do not include ANFA. Other debt has included IMF, EFSF, EFSM, Bilateral as well as IBRC-related liabilities over time. Retail includes State Savings and other currency and deposits. The CSO series has been altered to exclude the impact of IBRC. 39

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