Loans to Lithuanian residents increased in February 2025, while interest rates on new agreements fell

Today Lietuvos bankas published the monetary financial institution (MFI) balance sheet and interest rate data for February 2025, which show that:

• Lithuanian resident (household) deposits increased by €282.5 million, or 1.1%, over the month, and interest rates on new business of deposits declined by 0.17 percentage points;
• Corporate (non-financial corporation) deposits declined by €169.5 million, or 1.5%, and interest rates on new business of corporate deposits fell by 0.19%;
• Loans to Lithuanian residents granted by credit institutions grew by €131.1 million, or 0.8%, whereas interest rates on new business of loans declined by 0.28 percentage points;
• Loans for consumption granted to Lithuanian residents went up by 1.4% over the month, while interest rates on loans for consumption decreased by 0.16 percentage points;
• Loans to Lithuanian corporations grew by €114.1 million, or 0.9%, and interest rates on new business of loans decreased by 0.47 percentage points;

deposits of Lithuanian residents with credit institutions rose¹ by €85.3 million, or 0.2%, over the month (their annual growth rate² was 9.3%). Household deposits grew by €282.5 million, or 1.1%, while non-financial corporation deposits went down by €169.5 million, or 1.5% (their annual growth rates stood at 12.7% and 0.5% respectively). At the end of the month, household and non-financial corporation deposits amounted to €25.4 billion and €10.8 billion respectively. In February, loans to the financial³ sector contracted by €64.3 million, whereas those to general government grew by €36.5 million. At the end of the month, these deposits amounted to €1.4 billion and €5.6 billion respectively (see Chart 1);

Chart 1. Deposits of Lithuanian residents, excluding MFIs, with other MFIs (outstanding amounts, end-of-period)

overnight deposits of Lithuanian households held with credit institutions rose by €258.3 million, or 1.5%, while those of non-financial corporations declined by €227.0 million, or 2.5%. At the end of the month, the outstanding amounts of overnight deposits of these sectors stood at €17.2 billion and €8.8 billion respectively. Household and non-financial corporation deposits with agreed maturity held with credit institutions expanded by €20.8 million and €53.2 million, or 0.3% and 2.9%, respectively over the month. At the end of February, the outstanding amounts of these deposits stood at €8.0 billion and €1.9 billion respectively;

loans granted by credit institutions to Lithuanian residents increased by €253.7 million, or 0.8% month on month (their annual growth rate was 13.2%). Loans to Lithuanian non-financial corporations and households went up by €114.1 million and €131.1 million, or 0.9% and 0.8%, respectively over the month (their annual growth rates stood at 16.0% and 10.8% respectively). Loans to the financial sector grew by €11.9 million, whereas those to general government decreased by €3.4 million. At the end of February 2025, loans to these sectors amounted to €12.3 billion, €16.2 billion, €1.7 billion and €415.0 million respectively (see Chart 2);

Chart 2. Loans granted by other MFIs to Lithuanian residents, excluding MFIs (outstanding amounts, end-of-period)

loans to Lithuanian households for house purchase, consumption and other purposes granted by credit institutions rose by €107.9 million (0.8%), €20.7 million (1.4%) and €2.4 million (0.2%) respectively over the month. In late February, the outstanding amounts of these loans totalled €13.4 billion, €1.5 billion and €1.3 billion respectively (see Chart 3); their annual growth rates stood at 9.6%, 34.3% and 1.7% respectively;

Chart 3. Loans granted by other MFIs to Lithuanian households (outstanding amounts, end-of-period)

interest rates⁴ on new business of loans⁵ granted to households by credit institutions fell by 0.28 percentage points to 5.30%. Interest rates on loans for house purchase, consumption and other purposes decreased by 0.06 percentage points, 0.16 percentage points and 0.83 percentage points respectively. In February 2025, interest rates on these loans comprised 4.29%, 8.68% and 7.71% respectively (see Chart 4);

Chart 4. Interest rates on new business loans for households

interest rates on new business of household deposits with agreed maturity held with credit institutions decreased by 0.17 percentage points month on month to 2.29%. Interest rates on deposits with agreed maturity of up to 1 month increased by 0.04 percentage points, while interest rates on deposits of 1 to 6 months, 6 months to 1 year, 1 to 2 years and from 2 years onwards went down by 0.11, 0.21, 0.22 and 0.02 percentage points respectively. Interest rates on these deposits comprised 1.90%, 2.20%, 2.37%, 2.78% and 2.58% respectively in February 2025 (see Chart 5);

Chart 5. Interest rates on new business deposits with agreed maturity of households

interest rates on new business of loans to non-financial corporations decreased by 0.47 percentage points month on month to 5.16%. Interest rates on new business of loans up to €1 million and over €1 million decreased by 0.26 and 0.54 percentage points respectively. In February, interest rates on these loans totalled 4.90% and 5.22% respectively (see Chart 6);

Chart 6. Interest rates on new business of loans to non-financial corporations

interest rates on new business of non-financial corporation deposits with agreed maturity decreased by 0.19 percentage points to 2.37%. Interest rates on deposits with agreed maturity of up to 1 year and from 1 year onward declined by 0.17 and 0.54 percentage points respectively. In February 2025, interest rates on these deposits comprised 2.37% and 2.79% respectively (see Chart 7).

Chart 7. Interest rates on new business of non-financial corporation deposits with agreed maturity

Detailed data on MFI assets and liabilities is available on Lietuvos bankas’ website under MFI balance sheet and monetary statistics.

Detailed data on MFI interest rates is available on Lietuvos bankas’ website under MFI interest rate statistics.

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¹ Unless otherwise specified, monthly changes in euro are presented as transactions, i.e. calculated by taking the difference between end-of-month outstanding amounts and 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 financial sector consists of Lithuania’s investment funds and other financial intermediaries, as well as insurance undertakings and pension funds.

⁴ Weighted interest rates on new business during the reporting month, in percentages per annum.

⁵ New business covers financial contracts that specify for the first time the interest rate on a loan or the deposit rate, and contracts for existing loans or deposits, which were renegotiated. New business does not cover revolving loans and overdrafts, as well as credit card debt. New business deposits do not cover automatic renegotiations of existing deposit contracts.

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Statistics, Monetary and financial statistics