Bank of Lithuania
2004-02-25

At the end of January 2004 broad money M2 made up LTL 17.3 billion. In the course of one month it decreased by LTL 251.0 million (1.4%), showing the year-on-year increase of LTL 2.8 billion (19.7%).

Currency in circulation declined by LTL 64.7 million (1.4%) in January, demand deposits in litas went down by LTL 216.0 million (3.7%), of which deposits of non-financial private companies and natural persons decreased respectively by LTL 199.8 million and LTL 155.1 million (8.4% and 5.3 %), and demand deposits of local government institutions and non-banking financial institutions increased by LTL 118.1million and LTL 18.4 million (86.8% and 19.8%), respectively.

Litas time and savings deposits increased by LTL 32.2 million (0.9%), of which deposits of natural persons and non-banking financial institutions increased by LTL 99.0 million and LTL 33.6 million (3.6% and 34.8%), respectively, and such deposits non-financial public companies and non-financial private companies decreased respectively by LTL 64.7 million and LTL 45.1million (47.2% and 8.6%). Deposits in foreign currencies decreased by LTL 2.5 million (0.1%), of which deposits of natural persons went down by LTL 23.8 million (1.1%) and deposits of non-financial public companies increased by LTL 15.1 million (21.4%).

Net foreign assets decreased in January by LTL 242.4 million (3.6%), of which foreign assets and foreign liabilities went up by LTL 185.4 million and LTL 427.8 million (1.5% and 8.0%), respectively.

Domestic credit increased by LTL 124.4 million (0.9%), of which net claims on the central government and mandatory social and health insurance funds declined by LTL 249.1 million (a factor of 2.2). Claims on the private sector and non-banking financial institutions increased by LTL 376.6 million and LTL 25.6 million (3.3% and 1.9%), respectively, while claims on local government authorities and non-financial public companies declined respectively by LTL 12.0 million and LTL 16.7 million (3.0% and 11.3%).

Banking Survey

(LTL million, end-of-period)
  12/2003 01/2004 Change
LTL million %
FOREIGN ASSETS (NET) 6,681.7 6,439.3 -242.4 -3.6
Foreign assets 12,008.3 12,193.8 185.4 1.5
Foreign liabilities 5,326.7 5,754.5 427.8 8.0
DOMESTIC CREDIT 13,165.6 13,290.0 124.4 0.9
Claims on central government and social security funds (net) -207.3 -456.4 -249.1 -120.2
Claims on local governments 397.1 385.1 -12.0 -3.0
Claims on nonfinancial public enterprises 148.0 131.4 -16.7 -11.3
Claims on private sector 11,469.8 11,846.4 376.6 3.3
Claims on nonbank financial institutions 1,358.0 1,383.6 25.6 1.9
MONEY 10,535.2 10,254.5 -280.7 -2.7
Currency in circulation 4,632.1 4,567.3 -64.7 -1.4
Demand deposits 5,903.2 5,687.2 -216.0 -3.7
QUASI-MONEY 7,001.6 7,031.3 29.7 0.4
Foreign currency deposits 3,426.9 3,424.5 -2.5 -0.1
Time and savings deposits 3,574.7 3,606.8 32.2 0.9
OTHER ITEMS (NET) 2,310.4 2,443.5 133.0 5.8

 

Notes


Banking Survey covers the Bank of Lithuania, deposit money banks, branches of foreign banks, credit unions as well as government accounts with IMF.