Bank of Lithuania
2003-02-25

At the end of January 2003 broad money M2 made up LTL 14.4 billion.In the course of one month it decreased by LTL 398.2 million, i.e. 2.7 per cent, showing an annual increase of LTL 1.9 billion, i.e. 15.2 per cent.

Currency in circulation grew by LTL 118.9 million in January, while demand deposits in litas went down by LTL 348.7 million, of which deposits of non-financial private companies and natural persons decreased by LTL 273.2 million and LTL 134.9 million, respectively, and deposits of local government institutions increased by LTL 70.5 million.

Litas time and savings deposits increased by LTL 92.6 million, of which deposits of non-financial private companies and natural persons increased by LTL 35.9 million and LTL 136.5 million, respectively, and such deposits of non-financial public companies decreased by LTL 76.9 million.Deposits in foreign currencies went down by LTL 261.0 million, of which deposits of natural persons contracted by LTL 246.0 million.

Net foreign assets decreased in January by LTL 155.7 million, of which foreign assets remained relatively unchanged and foreign liabilities went up by LTL 155.0 million.

Domestic credit decreased by LTL 131.5 million, of which net claims on the central government and mandatory social and health insurance funds went down by LTL 230.3 million.Claims on non-financial public companies and the private sector increased by LTL 27.1 million and LTL 77.8 million, respectively, while claims on local government institutions declined by LTL 10.4 million.

(LTL million, end-of-period)
  12/2002 01/2003 Change
LTL million %
FOREIGN ASSETS (NET) 7,011.9 6,856.2 -155.7 -2.2
Foreign assets 10,345.1 10,344.4 -0.7 -0.0
Foreign liabilities 3,333.3 3,488.2 155.0 4.6
DOMESTIC CREDIT 9,246.1 9,114.6 -131.5 -1.4
Claims on central government and social security funds (net) 544.1 313.7 -230.3 -42.3
Claims on local governments 302.5 292.0 -10.4 -3.5
Claims on nonfinancial public enterprises 197.8 224.9 27.1 13.7
Claims on private sector 7,221.3 7,299.1 77.8 1.1
Claims on nonbank financial institutions 980.5 984.8 4.3 0.4
MONEY 8,329.2 8,099.4 -229.8 -2.8
Currency in circulation 3,756.4 3,875.3 118.9 3.2
Demand deposits 4,572.8 4,224.1 -348.7 -7.6
QUASI-MONEY 6,505.4 6,337.0 -168.4 -2.6
Foreign currency deposits 3,613.7 3,352.7 -261.0 -7.2
Time and savings deposits 2,891.7 2,984.3 92.6 3.2
OTHER ITEMS (NET) 1,423.3 1,534.3 111.0 7.8

 

Note


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