Monetary Survey and Balance Sheet of Other MFIs, August 2013

Over August 2013, the M3 broad monetary aggregate increased by LTL 324.8 million, while their annual growth rate at the end of the month was 4.6 per cent. The growth of the M3 broad monetary aggregate was largely influenced by the increased overnight deposits (LTL 424.6 million), but this rise was most reduced by the decrease in deposits with an agreed maturity of up to 2 years (LTL 88.0 million). In August, domestic credit increased by LTL 149.9 million, with a rise in credit to other residents of LTL 289.2 million and a drop in credit to general government of LTL 139.3 million. Over the month the monetary financial institutions’ (MFIs) net external assets went down by LTL 57.5 million and amounted to LTL 9.7 billion. The share of other MFIs’ lending to households in euro was declining steadily — from 73.2 per cent (at the end of December 2011) to 69.8 per cent (at the end of August 2013), with the respective increase in the share of loans in litas.