The Bank of Lithuania published the monetary financial institution (MFI) balance sheet and interest rate data for December 2022, which show that:
deposits of Lithuanian residents with credit institutions rose by €1.9 billion, or 5.2%, over the month (the annual growth rate stood at 9.9%). Deposits of Lithuanian households and non-financial corporations increased by €945.7 million (4.6%) and €940.4 million (9.4%) respectively (their annual growth rates stood at 3.6% and 15.0% respectively). Financial sector deposits went up by €52.2 million over December, while those of general government decreased by €68.4 million, to €1.0 billion and €4.3 billion respectively at the end of the month. At the end of December 2022, non-financial corporation and household deposits amounted to €11.0 billion and €21.6 billion respectively;
overnight deposits of Lithuanian non-financial corporations and households with credit institutions increased by €910.5 million and €908.1 million respectively over the month, to €10.5 billion and €17.9 billion respectively;
loans granted by credit institutions to Lithuanian residents increased by €212.9 million, or 0.8% month on month (the annual growth rate stood at 15.3%). Loans to Lithuanian households and non-financial corporations increased by €114.0 million and €63.4 million respectively over the month, or 0.8% and 0.6% respectively (their annual growth rates stood at 11.6% and 18.1% respectively). Loans to the financial sector and general government grew by €18.1 million and €17.4 million respectively. At the end of December 2022, loans to these sectors amounted to €13.7 billion, €10.3 billion, €2.0 billion and €352.4 million respectively;
loans for house purchase granted by credit institutions to Lithuanian households increased by €154.6 million over the month, while loans for consumption and other purposes decreased by €7.9 million and €32.7 million respectively, to €11.5 billion, €919.2 million and €1.3 billion respectively;
interest rates on new business of loans granted to households by credit institutions went up by 0.15 percentage points to 5.46%. Interest rates on loans for house purchase and consumption grew by 0.25 percentage points and 0.12 percentage points respectively, while those of loans for other purposes declined by 0.53 percentage points. In December 2022, interest rates on these loans comprised 4.34%, 9.17% and 6.63% respectively.
