Danske-subsidiary National Irish Bank (NIB), is mopping up deposits as a result of an outflow of funds from the countrys beleaguered big two lenders: Bank of Ireland and Allied Irish Banks (AIB).
In the year to date, deposits have declined by 17% at AIB.
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A spokesperson for Danske told The Irish Times: Not surprisingly, in the current circumstances, we have been seeing an increase in our deposits, a spokesperson said.
Netherlands-based Rabobank has also reported an increase in deposits at its Ireland-based direct bank subsidiary.
Ulster Bank, the Ireland-based unit of Royal Bank of Scotland, said that its Irish deposits were stable.
Axis bank expands branch network in rural areas
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