Bank of Lithuania

In May 2013 the monetary financial institutions’ (MFI) net external assets went down by LTL 300.9 million and amounted to LTL 7.1 billion. The outstanding amount of domestic credit decreased by LTL 131.2 million due to transactions and by LTL 744.9 million due to other changes over the month. Domestic credit’s outstanding amount decreased because the outstanding amount of loans to other residents declined by LTL 288.8 million due to transactions and LTL 721.2 million due to other changes, most of which consisted of reclassification of the bank, whose licence has been cancelled, to the non-financial corporations sector. In May M3 broad monetary aggregate decreased by LTL 420.5 million and its annual growth rate at the end of the month decreased from 7.3 per cent to 5.7 per cent. The decrease of M3 was most substantially influenced by a decline in deposits with an agreed maturity of up to 2 years (LTL 564.4 million). The share of other MFIs’ lending to households in euros was declining gradually — from 73.2 per cent (at the end of December 2011) to 70.4 per cent (at the end of May 2013), with the respective increase of the share of loans 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 (72.6 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.