deposits of Lithuanian residents with credit institutions decreased by €300.6 million, or 0.8% over the month (its annual growth rate2 was 10.7%): non-financial corporation deposits fell by €348.3 million, or 3.2%, while household deposits went up by €207.0 million, or 1.0% (their annual growth rates stood at 17.9% and 6.9% respectively). At the end of the month, non-financial corporation and household deposits amounted to €10.4 billion and €21.5 billion respectively. In June, general government and financial sector3 deposits decreased as well: by €104.7 million to €4.1 billion and by €54.6 million to €891.3 million respectively;
overnight deposits of Lithuanian non-financial corporations and households with credit institutions contracted by €781.4 million and €111.4 million respectively over the month, or 8.2% and 0.7%. At the end of the month, the balances of overnight deposits of these sectors stood at €8.7 billion and €16.1 billion respectively. Deposits with agreed maturity of non-financial corporations and households with credit institutions grew by €439.4 million and €317.3 million respectively over the month, to €1.6 billion and €5.2 billion respectively;
loans granted by credit institutions to Lithuanian residents increased by €112.5 million, or 0.4%, month on month (their annual growth rate was 8.8%). Loans to Lithuanian households rose by €113.8 million, or 0.8%, month on month, and those to non-financial corporations dropped by €3.3 million (their annual growth rates stood at 8.8% and 7.2% respectively). Loans to the financial sector decreased by €2.7 million and those to general government increased by €4.6 million. At the end of June 2023, loans to these sectors amounted to €14.1 billion, €10.1 billion, €2.2 billion and €334.4 million respectively;
loans to Lithuanian households for house purchase, consumption and other purposes granted by credit institutions increased by €81.7 million (0.7%), €17.1 million (1.7%) and €14.9 million (1.2%) respectively over the month, to stand at €11.8 billion, €1.0 billion and €1.3 billion respectively. The annual growth rates of loans for house purchase and consumption were 9.3% and 17.5% respectively, while loans for other purposes decreased by 0.7% year on year;
interest rates on new business of loans granted to households by credit institutions went up by 0.06 percentage points to 6.60%. Interest rates on loans for house purchase rose by 0.19 percentage points, while those on loans for consumption remained unchanged, and interest rates on loans for other purposes fell by 0.04 percentage points. In June 2023, interest rates on these loans comprised 5.58%, 9.43% and 7.5% respectively;
interest rates on new business of loans with agreed maturity granted to households by credit institutions went up by 0.01 percentage points to 3.26%. Interest rates on deposits of up to one month increased by 0.02 percentage points, those of one to six months remained unchanged and increased by 0.08 and 0.03 percentage points respectively for those of six months to one year and of one to two years, while interest rates on deposits of 2 years went down by 0.12 percentage points. Interest rates on these loans comprised 0.05%, 2.59%, 3.45%, 3.72% and 3.79% respectively in June 2023.
