Action has been taken to support the continuing operation of the three remaining principal domestic Irish banks, namely AIB, Bank of Ireland and Permanent TSB, while the three other domestic banks that were taken over by government have either been absorbed by one of these players (in the case of EBS) or liquidated (in the cases of Anglo and INBS forming IBRC).
At the end of the year 2000, commercial bank credit to the private sector was only six percent of GDP and banks only lent out 54 percent of their deposit base to the private sector.