2006-01-27
At the end of December 2005, M2 made up LTL 28.0 billion. Over one month it increased by LTL 1.9 billion, i.e. 7.0 per cent.
Money M1 grew in one month by LTL 1.7 billion (11.6%) and amounted to LTL 16.7 billion at the end of the month. With respect to M1 components, currency in circulation and demand deposits in litas increased by LTL 328.3 million and LTL 1.4 billion respectively. Over a month, litas demand deposits of natural persons and non-financial undertakings increased by LTL 958.3 million and LTL 691.1 million respectively, while those of other institutions decreased by LTL 245.8 million.
Quasi-money grew by LTL 160.4 million in December to LTL 12.2 billion at the end of the month. Litas time and savings deposits increased by LTL 134.7 million over a month, of which time and savings deposits of natural persons increased by LTL 243.9 million, and such deposits of non-financial uindertakings and other institutions shrank by LTL 77.2 million and LTL 31.9 million respectively. Deposits in foreign currencies increased by LTL 25.7 million, of which deposits of natural persons went up by LTL 95.6 million and deposits of non-financial undertakings and other institutions decreased by LTL 55.2 million and LTL 14.8 million respectively.
In December, the main M2 counterparts - net foreign assets and domestic credit - developed in opposite directions. Net foreign assets decreased by LTL 2.2 billion (35.3%), and domestic credit grew by LTL 4.1 billion (15.6%). In December, net claims on the central government and social insurance funds increased by LTL 735.5 million, while claims on non-banking financial institutions grew by LTL 2.0 billion. Claims on the private sector increased by LTL 1.3 billion. Among the latter, the highest increase in December was recorded in respect of the claims on private non-financial undertakings and natural persons, which went up by LTL 764.2 million and LTL 536.9 million.
| (LTL million, end-of-period) |
| 11/2005 | 12/2005 | Change | ||
| LTL million | % | |||
| FOREIGN ASSETS (NET) | 6,150.1 | 3,979.5 | -2,170.6 | -35.3 |
| Foreign assets | 17,804.8 | 18,403.7 | 598.9 | 3.4 |
| Foreign liabilities | 11,654.7 | 14,424.3 | 2,769.5 | 23.8 |
| DOMESTIC CREDIT | 25,952.0 | 30,004.5 | 4,052.4 | 15.6 |
| Claims on central government and social security funds (net) | -405.6 | 329.9 | 735.5 | - |
| Claims on local governments | 417.7 | 450.1 | 32.4 | 7.8 |
| Claims on nonfinancial public enterprises | 171.9 | 167.0 | -4.9 | -2.8 |
| Claims on private sector | 23,500.5 | 24,814.0 | 1,313.5 | 5.6 |
| Claims on nonbank financial institutions | 2,267.5 | 4,243.4 | 1,975.8 | 87.1 |
| MONEY | 14,989.4 | 16,721.4 | 1,732.0 | 11.6 |
| Currency in circulation | 5,790.0 | 6,118.4 | 328.3 | 5.7 |
| Demand deposits | 9,199.4 | 10,603.1 | 1,403.7 | 15.3 |
| QUASI-MONEY | 12,053.3 | 12,213.7 | 160.4 | 1.3 |
| Foreign currency deposits | 6,174.7 | 6,200.3 | 25.7 | 0.4 |
| Time and savings deposits | 5,878.7 | 6,013.4 | 134.7 | 2.3 |
| OTHER ITEMS (NET) | 5,059.4 | 5,048.8 | -10.6 | -0.2 |
Notes
Banking Survey covers the Bank of Lithuania, deposit money banks, branches of foreign banks, credit unions as well as government accounts with IMF.