2006-06-01
Monetary and Other Monetary Financial Institutions Balance Sheet Surveys, April 2006
At the end of April 2006, a broad monetary aggregate M3 equalled to LTL 30.8 billion, an increase of LTL 834.5 million over a month (a surge of LTL 932.1 million due to transactions). The annual growth rate of M3 made up 27.4 percent at the end of April. An intermediate money aggregate M2, which comprises the largest portion of M3, rose by LTL 703.9 million over a month (LTL 789.6 million due to transactions) to make up LTL 29.9 billion at the end of April. The annual growth rate of M2 was 24.2 percent at the end of April. During the same month, a narrow monetary aggregate M1 went up by LTL 550.3 million (an increase of LTL 589.2 million due to transactions) to make up LTL 20.3 billion at the end of April, and increased by 23.9 percent due to the transactions over a year.
In April, the growth of M3 due to transactions was resulted by the hike in overnight deposits by LTL 447.7 million, the surge in deposits with an agreed maturity of up to two years by LTL 215.9 million, the growth in debt securities with maturity of up to two years by LTL 142.1 million, and there is in the amount of currency in circulation by LTL 141.6 million. At the same time, a LTL 15.5 million decline in the deposits redeemable at up to three-month notice made M3 go slightly down.
In April, due to transactions the net external assets of MFIs decreased by LTL 608.7 whereas domestic credit went up by LTL 1.5 billion. The annual growth rates of the two indicators differed (gal: were different) at the end of April. Over twelve months the net external assets declined by 67.6 percent whereas domestic credit grew up by 63.6 percent. The main cause for the decrease of net external assets of MFIs due to transactions was a LTL 559.1 million slump in net external assets of other MFIs.
The growth of domestic credit in April was driven by an increase in MFIs loans to other residents by LTL 1.4 billion due to transactions. The annual growth rate of this type of loans was 71.4 percent at the end of April. Loans of other MFIs to non-financial corporations increased by 688.0 million litas due to transactions over a month, whereas their annual growth rate was 52.3 percent at the end of April. Loans of other MFIs to households increased by LTL 450.4 million due to transactions over April, whereas the annual growth rate due to transactions was 85.6 percent at the end of April. Consumer credit to households rose by LTL 69.9 million, lending for house purchase by LTL 266.4 million, and other lending by LTL114.0 million over a month. The annual growth rate of lending for house purchase was 85.0 percent at the end of April.
The central government deposits melted by LTL 186.6 million due to transactions over a month, whereas longer-term financial liabilities soared by LTL 197.5 million. The annual growth rates of these two indicators differed (gal: were different) at the end of April. The deposits of the central government went down by 4.6 percent over a year against a 34.0 percent increase in longer-term financial liabilities. In April, the growth of longer-term financial liabilities was due to an increase in capital and reserves by LTL 146.9 million due to transactions, in debt securities with a maturity of over two years by LTL 26.5 million, and in deposits with an agreed maturity of over two years by LTL 24.1 million.