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Evolution of credit institutions’ balance sheet
04.12.2023
The Banque centrale du Luxembourg informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 941 319 million euros on 31 October 2023, compared to 948 543 million euros on 30 September 2023, a decrease of 0.8%. This decrease is due to the monthly decrease of loans to other banks and deposit-taking corporations, loans to other sectors and other assets. On an annual basis, the aggregated balance sheet decreased by 5.8%.
Net interbank lending, i.e. the difference between interbank loans and deposits, increased by 541 million euros (0.3%) to reach 210 933 million euros at the end of October 2023.
Loans to resident non-bank customers decreased by 1 506 million euros, or 1.34%, between September 2023 and October 2023. Over twelve months, these loans decreased by 9 707 million euros (8.0%).
On a yearly basis, loans to non-financial corporations (NFCs) decreased by 1 616 million euros (5,5%), loans for house purchases decreased by 621 million euros (1.5%) and loans to other financial intermediaries (OFIs) decreased by 7 247 million euros (17.2%).
With regard to the liability side, deposits from the resident non-bank sector decreased by
2 731 million euros or 0.99% between September 2023 and October 2023. Over twelve months, these deposits decreased by 48 110 million euros, or 15.0%.
Between October 2022 and October 2023, Other financial intermediaries (OFI) deposits (which had a share of 66,3% as at 31 October 2023 and comprised deposits made up by monetary and non-monetary investment funds) decreased by 42 209 million euros (18.9%) and household deposits decreased by 541 million euros (1.2%). NFC deposits decreased by 2 813 million euros (11.0%) and deposits from the other sectors[1] also decreased by 2 547 million euros (9.4%).
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page:
http://www.bcl.lu/en/statistics/series_statistiques_luxembourg/11_credit_institutions/index.html
[1] General government, insurance corporations and pension funds.
