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Evolution of credit institutions’ balance sheet
08.05.2024
The Banque centrale du Luxembourg informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 957 244 million euros on 31 March 2024, compared to 939 745 million euros on 29 February 2024, an increase of 1.86%. This increase is mainly due to the monthly progression of loans to other banks and deposit-taking corporations. On an annual basis, the aggregated balance sheet increased by 1.1%.
Net interbank lending, i.e. the difference between interbank loans and deposits, decreased by 202 million euros (0.1%) to reach 215 208 million euros at the end of March 2024.
Loans to resident non-bank customers decreased by 73 million euros, or 0.1%, between February 2024 and March 2024. Over twelve months, these loans decreased by 4 630 million euros (3.9%).
On a yearly basis, loans to non-financial corporations (NFCs) decreased by 1 821 million euros (6.2%), loans for house purchases decreased by 540 million euros (1.3%) and loans to other financial intermediaries (OFIs) decreased by 3 286 million euros (8.4%).
With regard to the liability side, deposits from the resident non-bank sector increased by 2 401 million euros or 0.89% between February 2024 and March 2024. Over twelve months, these deposits decreased by 21 932 million euros, or 7.4%.
Between March 2023 and March 2024, Other financial intermediaries (OFI) deposits (which had a share of 65.6% as at 31 March 2024 and comprised deposits made up by monetary and non-monetary investment funds) decreased by 22 185 million euros (11.0%) and household deposits increased by 788 million euros (1.7%). NFC deposits increased by 2 518 million euros (11.9%) and deposits from the other sectors[1] decreased by 3 053 million euros (11.3%).
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.
