2004-11-24
At the end of October 2004 broad money M2 made up LTL 20.1 billion. In the course of one month it increased by LTL 525.4 million, i.e. by 2.7 per cent.
Money M1 grew in one month by LTL 219.6 million (2.0%) to LTL 11.3 billion at the end of October. With respect to M1 components, currency in circulation grew by LTL 93.9 million, while demand deposits in litas increased by LTL 125.7 million.
Quasi-money grew by LTL 305.8 million (3.6%) in October to LTL 8.8 billion at the end of the month. Time and savings deposits in litas increased by LTL 197.7 million, of which deposits of non-financial undertakings increased by LTL 115.9 million, and such deposits of natural persons grew by LTL 87.1 million. The second component of quasi-money - foreign currency deposits - increased by LTL 108.1 million, which was determined by the growth of deposits of non-financial undertakings of LTL 140.1 million.
Changes in the main M2 counterparts - net foreign assets and domestic credit - went in opposing directions in October. Net foreign assets decreased by LTL 85.2 million (1.3%) to LTL 6.6 billion. Domestic credit grew by LTL 637.0 million (3.9%) and made up LTL 16.9 billion at the end of October. Credit to the private sector saw significant growth in October reaching LTL 539.2 million, of which credit to non-financial undertakings increased by LTL 381.0 million and credit to natural persons went up by LTL 157.5 million. Net claims to the central government and mandatory social and health insurance funds increased over one month by LTL 126.7 million.
Banking Survey
| (LTL million, end-of-period) |
| 09/2004 | 10/2004 | Change | ||
| LTL million | % | |||
| FOREIGN ASSETS (NET) | 6,723.4 | 6,638.2 | -85.2 | -1.3 |
| Foreign assets | 13,297.5 | 13,036.0 | -261.5 | -2.0 |
| Foreign liabilities | 6,574.1 | 6,397.9 | -176.3 | -2.7 |
| DOMESTIC CREDIT | 16,296.5 | 16,933.5 | 637.0 | 3.9 |
| Claims on central government and social security funds (net) | -693.3 | -566.5 | 126.7 | 18.3 |
| Claims on local governments | 402.1 | 407.9 | 5.7 | 1.4 |
| Claims on nonfinancial public enterprises | 91.2 | 89.7 | -1.5 | -1.7 |
| Claims on private sector | 14,580.2 | 15,119.4 | 539.2 | 3.7 |
| Claims on nonbank financial institutions | 1,916.2 | 1,883.1 | -33.1 | -1.7 |
| MONEY | 11,115.4 | 11,335.0 | 219.6 | 2.0 |
| Currency in circulation | 4,848.0 | 4,941.9 | 93.9 | 1.9 |
| Demand deposits | 6,267.3 | 6,393.0 | 125.7 | 2.0 |
| QUASI-MONEY | 8,485.8 | 8,791.6 | 305.8 | 3.6 |
| Foreign currency deposits | 4,070.5 | 4,178.6 | 108.1 | 2.7 |
| Time and savings deposits | 4,415.3 | 4,613.0 | 197.7 | 4.5 |
| OTHER ITEMS (NET) | 3,418.8 | 3,445.1 | 26.3 | 0.8 |
Notes
Banking Survey covers the Bank of Lithuania, deposit money banks, branches of foreign banks, credit unions as well as government accounts with IMF.