deposits of Lithuanian residents with credit institutions decreased1 by €414.6 million over the month, yet increased by €6.5 billion compared to March 2020 (since the beginning of the COVID-19 pandemic). Household2 and general government deposits contracted by €232.9 million and €232.8 million respectively over the month, while non-financial corporation and financial sector3 deposits grew by €36.6 million and €14.5 million respectively. Since March 2020, household, non-financial corporation and general government deposits have increased by €3.1 billion, €2.8 billion and €641.0 million respectively, whereas financial sector deposits declined by €7.4 million. At the end of January 2021, deposits of these sectors amounted to €18.2 billion, €9.4 billion, €3.3 billion and €797.6 million respectively;
overnight deposits of Lithuanian households with credit institutions decreased by €226.6 million over the month, while those of non-financial corporations grew by €39.1 million, to €14.3 billion and €9.1 billion respectively;
loans granted by credit institutions to Lithuanian residents increased by €0.4 million month on month, yet dropped by €583.1 million compared to March 2020. Loans to Lithuanian households grew by €56.1 million, while loans to non-financial corporations as well as the financial sector and general government fell by €39.9 million, €11.9 million and €4.0 million respectively. Since March 2020, loans to non-financial corporations, the financial sector and general government have contracted by €1.1 billion, €85.7 million and €5.1 million respectively, while loans to households rose by €606.9 million. At the end of January 2021, loans to these sectors amounted to €7.3 billion, €1.1 billion, €346.9 million and €11.1 billion respectively;
loans for house purchase granted by credit institutions to Lithuanian households increased by €67.0 million over the month, while loans for consumption and other purposes declined by €4.1 million and €6.9 million respectively, to €9.2 billion, €705.7 million and €1.2 billion respectively;
interest rates on new business of loans granted to households by credit institutions fell by 0.04 percentage point to 3.23%. Interest rates on loans for house purchase decreased by 0.01 percentage point, while those on loans for consumption and other purposes grew by 0.33 and 0.23 percentage point respectively. In January 2021, interest rates on these loans comprised 2.20%, 9.47% and 5.47% respectively.
