2005-07-29
As from today the Bank of Lithuania starts to publish on its external webpage statistical data on outstanding amounts at the end-of-period of loans of other monetary financial institutions to resident households and non-profit institutions serving households by purpose and original maturity. The data on loans by purpose and original maturity - harmonised with the requirements of Regulation (EC) No 2423/2001 of the ECB of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector (ECB/2001/13) and with the classification principles of institutional units into institutional sectors and sub-sectors which is given in the European System of Accounts ESA 95 - have been available as from March 2004.
Lithuanian sub-sector of other monetary financial institutions (MFIs) comprises such institutions as commercial banks, branches of foreign banks, the Central Credit Union, credit unions and money market funds, which are in compliance with the definition given in the ECB Regulation ECB/2001/13. Every month the List of Lithuanian MFIs for statistical purposes is updated and published on the website of the Bank of Lithuania. Statistical data on loans of other MFIs are compiled on the basis of full statistical reporting data provided by Lithuanian commercial banks and branches of foreign banks in accordance with the provisions of Resolution No 46 of the Board of the Bank of Lithuania of 8 May 2003, subsequently by applying the procedure for grossing up to 100% coverage foreseen in Annex XIV of the Guideline of the ECB of 6 February 2003 concerning certain statistical reporting requirements of the ECB and the procedures for reporting by the national central banks of statistical information in the field of money and banking statistics (ECB/2003/2).
The Lithuanian households sector covers individuals or groups of individuals acting as: 1) consumers; 2) producers of goods and non-financial services exclusively intended for their own final consumption, and 3) small market producers (such as sole proprietorships, farmers, licensed businessmen, etc., that usually draw on own labour and financial resources). The sector of non-profit institutions serving households consists of separate legal institutional units which serve particular groups of households and the main resources of which derive, for instance, from occasional sales, voluntary contributions, occasional financing by the general governments and property income: trade unions, political parties, churches and religious societies, charities, etc.
Loans consist of funds lent to borrowers, which are not evidenced by negotiable documents or are represented by a single document, including financial leases, reverse repos, and the like. Outstanding amounts of loans at the end-of-period are reported at the nominal value (i.e., excluding accrued interest receivable on loans) and on a gross basis (i.e., without netting of any general or specific provisions).
Loans granted by other MFIs to households and non-profit institutions serving households are classified by purpose into:
Consumer credit - these are loans granted for the purpose of personal use in the consumption of goods and services;
Lending for house purchase - these are credits extended for the purpose of investing in housing, including building and home improvements;
Other lending - these are loans granted for purposes such as business, debt consolidation, education, etc.
Loans are classified by original maturity up to 1 year, over 1 and up to 5 years and over 5 years.
Statistical data are announced by link http://www.lb.lt/eng/statistics/loanshh.htm