In January 2013, M3 decreased by LTL 1.2 billion, while its annual growth rate towards at the end of the month slowed down from 7.2 to 5.8 per cent. The M3 decrease was determined by the decrease of all its components, out of which overnight deposits and currency in circulation decreased most (LTL 977.1 million and LTL 152.4 million, respectively). Domestic credit decreased by LTL 465.0 million over the month as a result of a decrease in credit to other residents and general government, while over the year it grew by LTL 1.2 billion. The net external assets of MFIs (Monetary Financial Institutions) over the month increased by LTL 103.9 million and amounted to LTL 9.6 billion. The share of other MFIs’ loans to households denominated in euro declined gradually from 73.2 per cent (at the end of December 2011) to 71.1 per cent (at the end of January 2013), with a respective increase in the share of loans denominated in litas.
The above data was released by the Statistics Department of the Bank of Lithuania.
For more information on Monetary Survey and Balance Sheet of other MFIs see the Bank of Lithuania Statistical release (74.8 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.