loans granted by credit institutions to Lithuanian residents increased by €719.1 million over the first five months of 2021, and by €145,6 million compared to March 2020 (the onset of the COVID-19 pandemic). Loans to Lithuanian households, non-financial corporations, the financial sector and general government grew by €110.5 million, €70.0 million, €41.7 million and €2.0 million respectively. Compared to March 2020, loans to non-financial corporations and general government reduced by €841.4 million and €19.2 million respectively, while loans to households and the financial sector increased by €972.3 million and €33.8 million respectively. At the end of May 2021, loans to these sectors amounted to €7.7 billion, €335.0 million, €11.5 billion and €1.2 billion respectively;
loans for house purchase, consumption and other purposes granted to Lithuanian households by credit institutions increased by €94.8 million, €6.4 million and €9.4 million respectively over the month, to €9.5 billion, €719.1 million and €1.2 billion respectively;
deposits of Lithuanian residents with credit institutions grew by €125.8 million over the month, and by €6.9 billion compared to March 2020. Over the month, household, general government and financial sector deposits rose by €143.4 million, €133.1 million and €39.9 million respectively, while non-financial corporation deposits reduced by €190.6 million. Household, non-financial corporation, general government and financial sector deposits have increased by €3.9 billion, €2.6 billion, €274.3 million and €165.0 million respectively since March 2020. At the end of May 2021, deposits of these sectors amounted to €18.9 billion, €9.2 billion, €2.9 billion and €971.0 million respectively;
overnight deposits of Lithuanian households with credit institutions grew by €175.1 million, while those of non-financial corporations contracted by €153.7 million over the month, to €15.0 billion and €9.2 billion respectively;
interest rates on new business loans granted to households by credit institutions went down by 0.02 percentage point over the month, to 3.33%. Interest rates on loans for other purposes declined by 0.54 percentage point, while those on loans for consumption and house purchase rose by 0.02 percentage point each. In May 2021, interest rates on these loans comprised 5.05%, 8.62% and 2.20% respectively.
