Deposits of Lithuanian residents with credit institutions increased by €1.8 billion over the month of December 2020 and by €6.9 billion from March 2020 - since the beginning of the COVID-19 pandemic.
Household, non-financial corporation and general government deposits increased by €1 billion, €408.8 million and €360.6 million respectively over the month, while financial sector deposits went down by €7.4 million. From March 2020, household, non-financial corporation and general
government deposits increased by €3.3 billion, €2.8 billion and €873.8 million respectively, while financial sector deposits declined by €21.9 million. Deposits of these sectors amounted to €18.4 billion, €9.3 billion, €3.5 billion and €773.4 million respectively at the end of December 2020, reads the latest monetary financial institution (MFI) balance sheet and interest rate data published by the Bank of Lithuania for December 2020.
Overnight deposits of Lithuanian households and non-financial corporations with credit institutions grew by €1.0 billion and €358.8 million respectively over the month, to €14.5 billion and €9.1 billion respectively.
Loans granted by credit institutions to Lithuanian residents decreased by €188.3 million over the month and by €583.5 million from March 2020. Loans to Lithuania’s non-financial corporations and financial sector decreased by €238.6 million and €9.6 million respectively over the month, while loans to households and the general government grew by €44.8 million and €15.2 million respectively.
Since March 2020, loans to Lithuania’s non-financial corporations, financial sector and general government fell by €1.1 billion, €73.8 million and €1.2 million respectively, while loans to households rose by €550.8 million. At the end of December 2020, loans to these sectors amounted to €7.4 billion, €1.1 billion, €350.9 million and €11.0 billion respectively.
Since March 2020, loans to Lithuania’s non-financial corporations, financial sector and general government fell by €1.1 billion, €73.8 million and €1.2 million respectively, while loans to households rose by €550.8 million. At the end of December 2020, loans to these sectors amounted to €7.4 billion, €1.1 billion, €350.9 million and €11.0 billion respectively.
Loans for house purchase granted by credit institutions to Lithuanian households increased by €79.3 million over the month, while loans for consumption and other purposes fell by €19.0 million and €15.6 million respectively, to €9.1 billion, €709.8 million and €1.2 billion respectively.
Interest rates on new business loans granted by credit institutions to households fell by 0.07 percentage point over the month – to 3.27%. Interest rates on loans for consumption, house purchase and other purposes decreased by 0.03, 0.05 and 0.07 percentage point respectively. Interest rates on these loans comprised 9.14%, 2.21% and 5.24% respectively in December 2020.
