Monetary Survey and Balance Sheet of other MFIs, June 2011

M3 broad monetary aggregate, household and other lending continued to grow in June 2011 amid a further decrease in consumer loans. Other MFIs’ lending to households for house purchase continued to grow for the third consecutive month following a decrease which continued for more than two years: it increased by LTL 13.6 million in April 2011, by LTL 14.7 million in May, and by LTL 19.1 million in June.  Also, a growth of other MFIs' lending to households was observed for the second consecutive month, which made up LTL 1.4 million in May and LTL 7.9 million in June 2011. However, consumer loans has continued to go down since the end of 2008 keeping the lending to households curve very low and in the negative territory. M3 increased over the month by LTL 395.6 million. Net external assets (i. e. external assets minus external liabilities) of MFIs went up over the month by LTL 2.8 million remaining in the positive territory for more than half a year. Other MFIs’ lending to residents, excluding MFIs, decreased in June by LTL 105.9 million, while euro lending accounted for at the end of the month for 69.9% of total lending.