2005-07-26
Money M2 grew in one month by LTL 731.3 million (3.1%) to LTL 24.6 billion at the end of June 2005.
Money M1 grew in one month by LTL 458.9 million (3.5%) and amounted to LTL 13.7 billion at the end of the month. M1 components - currency in circulation and demand deposits in litas - grew by LTL 170.4 million and LTL 288.5 million respectively. Demand deposits of individuals and non-financial undertakings increased over the month by LTL 348.2 million and LTL 71.1 million respectively, while demand deposits held by other institutions decreased by LTL 130.8 million.
Quasi-money grew by LTL 272.4 million (2.6%) in June, and totalled to LTL 10.9 million at the end of the month. Litas time and savings deposits increased by LTL 95.7 million, of which time and savings deposits of individuals increased by LTL 61.4 million. Deposits in foreign currencies increased by LTL 176.7 million, of which deposits of individuals increased by LTL 126.0 million, and these of non-financial undertakings wend up by LTL 48.1 million.
In June, the main M2 counterparts - net foreign assets and domestic credit - went up as well. Net foreign assets increased by LTL 185.7 million, and domestic credit grew by LTL 838.2 million (4.1%). Domestic credit growth was mostly influenced by claims on the central government and social insurance funds, which grew by LTL 101.5 million as well as claims on the private sector, which went up by LTL 712.3 million. In June, the highest increase of claims was recorded in respect of the private non-financial undertakings and individuals, which went up by LTL 345.7 million and LTL 365.8 million respectively.
| (LTL million, end-of-period) |
| 05/2005 | 06/2005 | Change | ||
| LTL million | % | |||
| FOREIGN ASSETS (NET) | 7,422.6 | 7,608.4 | 185.7 | 2.5 |
| Foreign assets | 15,558.7 | 15,826.4 | 267.7 | 1.7 |
| Foreign liabilities | 8,136.0 | 8,218.0 | 81.9 | 1.0 |
| DOMESTIC CREDIT | 20,416.0 | 21,254.2 | 838.2 | 4.1 |
| Claims on central government and social security funds (net) | -628.9 | -527.5 | 101.5 | 16.1 |
| Claims on local governments | 378.2 | 393.7 | 15.5 | 4.1 |
| Claims on nonfinancial public enterprises | 185.2 | 188.6 | 3.4 | 1.8 |
| Claims on private sector | 18,410.3 | 19,122.5 | 712.3 | 3.9 |
| Claims on nonbank financial institutions | 2,071.3 | 2,076.9 | 5.6 | 0.3 |
| MONEY | 13,249.1 | 13,708.0 | 458.9 | 3.5 |
| Currency in circulation | 5,292.2 | 5,462.7 | 170.4 | 3.2 |
| Demand deposits | 7,956.9 | 8,245.4 | 288.5 | 3.6 |
| QUASI-MONEY | 10,580.8 | 10,853.1 | 272.4 | 2.6 |
| Foreign currency deposits | 5,200.2 | 5,376.9 | 176.7 | 3.4 |
| Time and savings deposits | 5,380.6 | 5,476.3 | 95.7 | 1.8 |
| OTHER ITEMS (NET) | 4,008.8 | 4,301.4 | 292.7 | 7.3 |
Notes
Banking Survey covers the Bank of Lithuania, deposit money banks, branches of foreign banks, credit unions as well as government accounts with IMF.