2020-07-27
Deposits of Lithuanian residents continued to grow at a rapid pace, while loans to residents decreased
Balance Sheet of Monetary Financial Institutions, June 2020
Today, the Bank of Lithuania published the MFI balance sheet for June 2020, which shows that:
deposits of Lithuanian residents with credit institutions rose1 by €455.2 million over the month, while over the last 12 months – by €4.8 billion (to €27.3 billion at the end the month). Over the month, general government, non-financial corporation and household2 deposits increased by €189.8 million, €187.7 million and €89.3 million respectively, while financial sector3 deposits reduced by €11.6 million. Deposits from these sectors amounted to €3.2 billion, €7.4 billion, €15.9 billion and €726.1 million respectively (see Chart 1);
overnight deposits from Lithuanian non-financial corporations and households with credit institutions increased by €112.3 million and €83.7 million respectively over the month, to €7.1 billion and €12.0 billion respectively;
loans granted by credit institutions to Lithuanian residents decreased by €109.5 million over the month, while over the last four months – by €503.2 million (to €20.0 billion at the end the month). Loans to Lithuanian non-financial corporations, financial sector and general government fell by €136.8.0 million, €17.9 million and €4.6 million respectively, while loans to households increased by €49.7 million. At the end of the month, loans to these sectors amounted to €7.9 billion, €1.0 billion, €335.0 million and €10.7 billion respectively (see Chart 2);
loans for house purchase granted by credit institutions to Lithuanian households dropped by €4.6 million, while loans for consumption and other purposes increased by €3.0 million and €51.3 million respectively – to €8.7 billion, €743.6 million and €1.2 billion (see Chart 3).
| Chart 1. Deposits of Lithuanian residents, excluding MFIs, with other MFIs (outstanding amounts, end-of-period) |
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| Chart 2. Loans granted by other MFIs to Lithuanian residents, excluding MFIs (outstanding amounts, end-of-period) |
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| Chart 3. Loans granted by other MFIs to Lithuanian households (outstanding amounts, end-of-period) |
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Detailed data on MFI assets and liabilities is available on the Bank of Lithuania website under MFI balance sheet and monetary statistics.
1 Unless otherwise specified, monthly changes in euro are presented as transactions, i.e. they are calculated by taking the difference between end-of-month outstanding amounts and then removing the effects of revaluation adjustments, exchange rate adjustments, loan write-offs and reclassifications.
2 The household sector consists of households and non-profit institutions serving households.
3 The financial sector consists of Lithuania’s investment funds and other financial intermediaries, as well as insurance undertakings and pension funds.
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