Financial accounts of Lithuania for the second quarter of 2010

  8 October 2010   FINANCIAL ACCOUNTS OF LITHUANIA FOR THE SECOND QUARTER OF 2010   In the recent quarters, annual growth rates 1 of Lithuanian economy’s financial assets and liabilities remained broadly stable: growth rates of financial assets were fluctuating around zero, and that of liabilities were somewhat lower than zero. At the end of the second quarter of 2010, Lithuania’s financial assets totalled LTL 309.3 billion, and its annual growth rate was 0.1 per cent (in the corresponding quarter of 2009 it dropped to -2.6%; see Fig. 1). The major investment positions of financial assets were loans (28%), shares (24%), deposits (19%), and debt securities (10%). At the end of the second quarter, Lithuania’s liabilities totalled LTL 372.6 billion, and their annual growth rate was -2 per cent. In the same quarter of 2009, the annual growth rate was -1 per cent (see Fig. 2). Loans and debt securities accounted for one third (35%) of total liabilities. In the second quarter of 2010, the ratio of loans and debt securities to financial assets made up 42 per cent. This indicator remained broadly unchanged                                                         1 Annual growth rate is calculated by taking the difference between end quarters outstanding amounts and then removing the effects of revaluation adjustments, exchange rate adjustments as well as other changes in volume.       Fig. 1. Financial assets of Lithuania (annual growth rate)    -20 0 20 40 60 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Percentages Total economy Non-financial corporations Financial corporations General government Households 2008 2009 2010 2007     Fig. 2. Liabilities of Lithuania (annual growth rate)    -20 0 20 40 60 80 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Percentages Total economy Non-financial corporations Financial corporations General government Households