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.