Bank of Lithuania
2003-09-24

At the end of August 2003 broad money M2 made up LTL 16.3 billion. In the course of one month it increased by LTL 311.8 million, i.e. 2.0 per cent, while the year-on-year increase amounted to LTL 2.6 billion, i.e. 19.4 per cent.

Currency in circulation grew by LTL 63.0 million in August, and demand deposits in litas went down by LTL 69.6 million, of which deposits of non-financial public companies, non-financial private companies and natural persons decreased by LTL 14.6 million, LTL 43.5 million and LTL 30.5 million, respectively, while deposits of non-banking financial institutions went up by LTL 19.0 million.

Litas time and savings deposits increased by LTL 83.1 million, of which deposits of non-financial public companies, non-financial private companies and natural persons went up by LTL 23.8 million, LTL 25.1 million and LTL 30.7 million, respectively. Deposits in foreign currencies increased by LTL 235.3 million, of which deposits of non-financial private companies and natural persons went up by respectively LTL 136.1 million and LTL 99.0 million.

Net foreign assets decreased in August by LTL 53.2 million, of which foreign assets and foreign liabilities increased by LTL 337.8 million and LTL 391.0 million, respectively.

Domestic credit expanded by LTL 434.1 million, of which net claims on the central government and mandatory social and health insurance funds and claims on non-financial public companies declined by LTL 200.3 million and LTL 23.7 million, respectively, while claims on the private sector and non-banking financial institutions went up by LTL 419.8 million and LTL 225.4 million, respectively.

(LTL million, end-of-period)
  07/2003 08/2003 Change
LTL million %
FOREIGN ASSETS (NET) 6,688.0 6,634.8 -53.2 -0.8
Foreign assets 10,583.9 10,921.7 337.8 3.2
Foreign liabilities 3,895.9 4,286.9 391.0 10.0
DOMESTIC CREDIT 10,840.4 11,274.5 434.1 4.0
Claims on central government and social security funds (net) 109.4 -91.0 -200.3 -
Claims on local governments 336.4 349.4 12.9 3.8
Claims on nonfinancial public enterprises 190.2 166.6 -23.7 -12.4
Claims on private sector 9,046.8 9,466.6 419.8 4.6
Claims on nonbank financial institutions 1,157.5 1,382.9 225.4 19.5
MONEY 9,302.7 9,296.1 -6.6 -0.1
Currency in circulation 4,222.3 4,285.2 63.0 1.5
Demand deposits 5,080.4 5,010.8 -69.6 -1.4
QUASI-MONEY 6,665.3 6,983.7 318.4 4.8
Foreign currency deposits 3,411.0 3,646.3 235.3 6.9
Time and savings deposits 3,254.3 3,337.4 83.1 2.6
OTHER ITEMS (NET) 1,560.4 1,629.5 69.1 4.4

 

Note


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