2003-05-26
At the end of April 2003 broad money M2 made up LTL 15.0 billion.In the course of one month it increased by LTL 194.3 million, i.e. 1.3 per cent, while the annual increase amounted to LTL 2.1 billion, i.e. 16.4 per cent.
Currency in circulation grew by LTL 1.1 million in April, demand deposits in litas went up by LTL 43.2 million, of which deposits of local government institutions, natural persons and non-profit organisations increased by LTL 38.0 million, LTL 32.6 million and LTL 53.6 million, respectively, and demand deposits of non-financial public companies, non-financial private companies and non-banking financial institutions decreased by LTL 37.2 million, LTL 15.4 million and LTL 28.3 million, respectively.
Litas time and savings deposits increased by LTL 14.5 million, of which deposits of non-financial public companies, natural persons and non-banking financial institutions increased by LTL 13.2 million, LTL 16.9 million and LTL 28.8 million, respectively, and such deposits of non-financial private companies and non-profit organisations decreased by LTL 34.7 million and LTL 9.7 million, respectively.Foreign currency deposits increased by LTL 135.4 million, of which deposits of non-financial public companies and non-financial private companies rose by LTL 42.0 million and LTL 121.8 million, respectively, and such deposits of natural persons decreased by LTL 28.4 million.
Net foreign assets decreased in April by LTL 778.4 million, of which foreign assets went down by LTL 751.6 million, and foreign liabilities went up by LTL 26.8 million.
Domestic credit increased by LTL 964.7 million, of which net claims on the central government and mandatory social and health insurance funds and claims on the private sector went up by LTL 876.7 million and LTL 115.4 million, respectively, while claims on non-financial public companies and non-banking financial institutions declined by LTL 19.5 million and LTL 7.2 million, respectively.
The main reason behind the decrease of net foreign assets and the contraction of net claims on the central government and mandatory social and health insurance funds was the redemption of the EUR 250 million Lithuanian Government Eurobond issue distributed in 1999 in international markets.
| (LTL million, end-of-period) |
| 03/2003 | 04/2003 | Change | ||
| LTL million | % | |||
| FOREIGN ASSETS (NET) | 8,072.6 | 7,294.2 | -778.4 | -9.6 |
| Foreign assets | 11,307.7 | 10,556.1 | -751.6 | -6.6 |
| Foreign liabilities | 3,235.1 | 3,261.9 | 26.8 | 0.8 |
| DOMESTIC CREDIT | 8,169.2 | 9,133.9 | 964.7 | 11.8 |
| Claims on central government and social security funds (net) | -1,073.6 | -196.9 | 876.7 | 81.7 |
| Claims on local governments | 328.9 | 328.2 | -0.7 | -0.2 |
| Claims on nonfinancial public enterprises | 240.1 | 220.7 | -19.5 | -8.1 |
| Claims on private sector | 7,554.4 | 7,669.7 | 115.4 | 1.5 |
| Claims on nonbank financial institutions | 1,119.4 | 1,112.2 | -7.2 | -0.6 |
| MONEY | 8,469.5 | 8,513.9 | 44.3 | 0.5 |
| Currency in circulation | 3,928.4 | 3,929.5 | 1.1 | 0.0 |
| Demand deposits | 4,541.1 | 4,584.3 | 43.2 | 1.0 |
| QUASI-MONEY | 6,359.8 | 6,509.7 | 149.9 | 2.4 |
| Foreign currency deposits | 3,341.4 | 3,476.8 | 135.4 | 4.1 |
| Time and savings deposits | 3,018.4 | 3,032.9 | 14.5 | 0.5 |
| OTHER ITEMS (NET) | 1,412.5 | 1,404.6 | -7.9 | -0.6 |
Note
Banking Survey covers the Bank of Lithuania, deposit money banks, branches of foreign banks, credit unions as well as government accounts with IMF.