Deposits of Lithuanian residents with credit institutions increased by €968.5 million over the month of March and by €7.5 billion from March 2020, since the beginning of the COVID-19 pandemic. Loans granted by credit institutions increased by €230.9 million month on month, but dropped by €290.6 million, compared to March 2020.
General government, financial sector, household and non-financial corporation deposits surged by €451.2 million, €179.2 million, €173.8 million and €164.3 million respectively over the month. Since March 2020, household, non-financial corporation, general government and financial sector deposits increased by €3.5 billion, €2.8 billion, €918.8 million and €201.3 million respectively. Deposits of these sectors amounted to €18.6 billion, €9.4 billion, €3.6 billion and €1.0 billion respectively at the end of March 2021, reads the latest data of the Central Bank of Lithuania.
Overnight deposits of Lithuanian non-financial corporations and households with credit institutions increased by €215.8 million and €139.6 million respectively over the month, to €9.2 billion and €14.6 billion respectively.
Loans granted by credit institutions to Lithuanian residents increased by €230.9 million month on month, but dropped by €290.6 million, compared to March 2020. Loans to Lithuania’s non-financial corporations, households and the financial sector grew by €106.8 million, €96.2 million and €38.8 million respectively over the month, while loans to general government contracted by €10.8 million. Since March 2020, loans to non-financial corporations, the financial sector and general government have contracted by €974.3 million, €58.3 million and €20.9 million respectively, while loans to households rose by €762.8 million. At the end of the month, loans to these sectors amounted to €7.5 billion, €1.1 billion, €332.9 million and €11.3 billion respectively.
Loans to Lithuanian households for house purchase, consumption and other purposes granted by credit institutions increased by €89.1 million, €3.4 million and €3.6 million over the month, to €9.4 billion, €704.4 million and €1.2 billion respectively.
Interest rates on new business loans granted by credit institutions to households for house purchase, consumption and other purposes declined by 0.06, 0.57 and 0.29 percentage point respectively over the month and comprised 2.19%, 8.64% and 5.13% respectively in March 2021.