However, the comprehensive liquidity framework within the Eurosystem and the significant volumes of collateral held means that Irish banks are well positioned to access Eurosystem liquidity. Also, a fuller assessment of the funding patterns of Irish banks indicates that there is a significant medium-term element to much of their funding, as well as a relatively wide range of funding options available to them.
Finally, our stress-testing of the banking system and our extensive financial stability analysis indicate that Irish banks are solidly profitable and wellcapitalised. In this context, it is worth noting that they have one of the lowest rates of nonperforming loans among banks in all EU countries.