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Evolution of credit institutions’ balance sheet
09.04.2024
The Banque centrale du Luxembourg informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 939 745 million euros on 29 February 2024, compared to 942 638 million euros on 31 January 2024, a decrease of 0.31%. This decrease is due to the monthly regression of claims towards the banking sectors. On an annual basis, the aggregated balance sheet decreased by 1.1%.
Net interbank lending, i.e. the difference between interbank loans and deposits, decreased by 965 million euros (0.4%) to reach 215 409 million euros at the end of February 2024.
Loans to resident non-bank customers increased by 287 million euros (0.3%) between January 2024 and February 2024. Over twelve months, these loans decreased by 3 783 million euros (3.2%).
On a yearly basis, loans to non-financial corporations (NFCs) decreased by 767 million euros (2.7%), loans for house purchases decreased by 533 million euros (1.3%) and loans to other financial intermediaries (OFIs) decreased by 2 182 million euros (5.6%).
With regard to the liability side, deposits from the resident non-bank sector decreased by
1 921 million euros (0.71%) between January 2024 and February 2024. Over twelve months, these deposits decreased by 23 507 million euros, (8.0%).
Between February 2023 and February 2024, Other financial intermediaries (OFI) deposits (which had a share of 66.0% as at 29 February 2024 and comprised deposits made up by monetary and non-monetary investment funds) decreased by 22 103 million euros (11.0%) and household deposits increased by 660 million euros (1.5%). NFC deposits increased by 585 million euros (2.6%) and deposits from the other sectors[1] decreased by 2 648 million euros (10.4%).
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.
