Another Irish banking system has collapsed - the world’s largest sperm bank will no longer accept red-headed donors.

Despite demand from Ireland, bosses at the Cryos sperm bank have confirmed that they now turn down all red-haired donors.

The Irish market is the only one interested in red heads but even that demand isn’t enough to persuade the Cryos agency to do any business

Cryos director Ole Schou has revealed how a surge in donations in recent years now allows the facility to become much more choosy about its donors.

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The Cryos clinics have now reached their peak capacity of 70 liters of semen and have a waiting list of 600 donors.

“There are too many redheads in relation to demand,” said Schou. “I do not think you chose a redhead, unless the partner - for example, the sterile male - has red hair, or because the lone woman has a preference for redheads.

“And that’s perhaps not so many, especially in the latter case.

“The only reliable demand for sperm from redheaded donors is from Ireland where it has sold like hot cakes.”

Donors with brown hair and brown eyes are always in demand according to Schou because of the sperm bank’s large client base in Spain, Italy and Greece.