Bank of Lithuania
2022-04-29
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Balance Sheet and Interest Rates of Monetary Financial Institutions, March 2022

Today, the Bank of Lithuania published the monetary financial institution (MFI) balance sheet and interest rate data for March 2022, which show that:

loans granted by credit institutions to Lithuanian residents increased1 by €345.6 million, or 1.5%, over the month (their annual growth rate2 was 15.6%). Loans to Lithuanian non-financial corporations and households3 grew by €121.0 million and €101.2 million, or 1.3% and 0.8%, respectively over the month (their annual growth rate stood at 16.7% and 11.6% respectively). Loans to the financial sector4 increased by €133.2 million, while loans to general government contracted by €9.8 million. At the end of March 2022, loans to these sectors amounted to €9.3 billion, €12.6 billion, €1.6 billion and €339.7 million respectively (see Chart 2);

loans for house purchase granted by credit institutions to Lithuanian households increased by €128.5 million over the month, while loans for consumption and other purposes declined by €11.9 million and €15.3 million respectively, to €10.5 billion, €813.7 million and €1.2 billion respectively (see Chart 3);

deposits of Lithuanian residents with credit institutions rose by €203.9 million, or 0.6%, over the month (their annual growth rate was 3.2%). Non-financial corporation deposits increased by €167.3 million, or 1.9%, over the month, while its annual growth rate was negative (-2.6%). Household deposits contracted by €169.1 million, or 0.8%, over the month, and their annual growth rate was positive (7.1%). General government deposits grew by €255.2 million, but those of the financial sector declined by €49.5 million. At the end of March 2022, non-financial corporation, household, general government and financial sector deposits amounted to €9.2 billion, €19.9 billion, €3.5 billion and €1.0 billion respectively (see Chart 1);

overnight deposits of non-financial corporations with credit institutions grew by €166.8 million, while those of households contracted by €70.7 million over the month, to stand at €8.9 billion and €16.2 billion respectively;

interest rates5 on new business loans6 granted to households by credit institutions fell by 0.01 percentage point over the month, to 3.36%. Interest rates on loans for house purchase fell by 0.02 percentage point, while those on loans for consumption and other purposes went up by 0.05 and 0.36 percentage point respectively. In March 2022, interest rates on these loans comprised 2.02%, 8.73% and 5.31% respectively (see Chart 4).

Chart 1. Loans granted by other MFIs to Lithuanian residents, excluding MFIs
(outstanding amounts, end-of-period)
Loans by credit institutions to Lithuanian residents increased by 1.5% in March
 
Chart 2. Loans granted by other MFIs to Lithuanian households
(outstanding amounts, end-of-period)
Loans by credit institutions to Lithuanian residents increased by 1.5% in March
 
Chart 3. Deposits of Lithuanian residents, excluding MFIs, with other MFIs
(outstanding amounts, end-of-period)
Loans by credit institutions to Lithuanian residents increased by 1.5% in March
 
Chart 4. Interest rates on new business loans for households
Loans by credit institutions to Lithuanian residents increased by 1.5% in March

Detailed data on MFI assets and liabilities is available on the Bank of Lithuania website under MFI balance sheet and monetary statistics.

Detailed data on MFI interest rates is available on the Bank of Lithuania website under MFI interest rate statistics.

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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 annual growth rate is calculated as a percentage change in the base index of transaction-adjusted outstanding amounts over the year.

3 The household sector consists of households and non-profit institutions serving households.

4 The financial sector consists of Lithuania’s investment funds and other financial intermediaries, as well as insurance undertakings and pension funds.

5 Weighted interest rates on new business during the reporting month, in percentages per annum.

6 New business covers financial contracts that specify for the first time the interest rate on a loan, and existing loan contracts which were renegotiated. New business does not cover revolving loans and overdrafts, as well as credit card debt. 

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