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Evolution of credit institutions’ balance sheet
05.03.2024
The Banque centrale du Luxembourg informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 942 638 million euros on 31 January 2024, compared to 946 526 million euros on 31 December 2023, a decrease of 0.41%. On the assets side, this decrease is due mostly to the monthly progression of other assets and loans towards other sectors. On the liabilities side, it is due to deposits from the other sectors. On an annual basis, the aggregated balance sheet decreased by 1.8%.
Net interbank lending, i.e. the difference between interbank loans and deposits, decreased by 2 015 million euros (0.9%) to reach 216 374 million euros at the end of January 2024.
Loans to resident non-bank customers increased by 1 283 million euros, or 1.1%, between December 2023 and January 2024. Over twelve months, these loans decreased by 5 145 million euros (4.4%).
On a yearly basis, loans to non-financial corporations (NFCs) decreased by 1 312 million euros (4.5%), loans for house purchases decreased by 531 million euros (1.3%) and loans to other financial intermediaries (OFIs) decreased by 2 994 million euros (7.6%).
With regard to the liability side, deposits from the resident non-bank sector increased by
1 899 million euros or 0.7% between December 2023 and January 2024. Over twelve months, these deposits decreased by 32 673 million euros, or 10.7%.
Between January 2023 and January 2024, Other financial intermediaries (OFI) deposits (which had a share of 65.8% as at 31 January 2024 and comprised deposits made up by monetary and non-monetary investment funds) decreased by 31 652 million euros (15.0%) and household deposits increased by 525 million euros (1.2%). NFC deposits increased by 555 million euros (2.4%) and deposits from the other sectors[1] decreased by 2 101 million euros (8.1%).
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.
