In Q1, the annual growth rate of Lithuania's financial assets was 5%. The growth of financial assets was mostly driven by currency and deposits (4%).
At the end of the first quarter of 2015, financial assets totalled EUR 119 billion. The main investment positions of financial assets were equity and investment fund shares (EUR 33.3 billion), and currency and deposits (EUR 29.6 billion.
In Q1, the annual growth rate of Lithuania's liabilities was 4%. The growth of liabilities was mostly driven by currency and deposits (2%).
At the end of the first quarter, Lithuania's liabilities totalled EUR 136 billion. Main positions of liabilities – equity and investment fund shares (EUR 41.3 billion), and loans (EUR 29.8 billion).
In Q1, net borrowing of Lithuania's economy amounted to EUR 179 million and comprised2.2% of GDP. The largest net borrowing was for non-financial corporations – EUR 996.6 million and accounted for 12.1% of GDP.
At the end of Q1 2015 financial assets of non-financial corporations amounted to EUR 30.3 billion. Their annual growth rate was 6% (see Chart 7). Trade credits and other accounts receivable (EUR 11.9 billion) and equity and investment fund shares (EUR 9.9 billion) composed the largest portions of financial assets. At the end of the first quarter the liabilities of non-financial corporations totalled EUR 59.7 billion; their annual growth rate was 2%. Main position of liabilities was equity and investment fund shares (EUR 34.1 billion), Lithuania's central bank said.
At the end of the quarter amounts of loans granted to non-financial corporations totalled EUR13.2 billion. Loans received from financial corporations amounted to EUR 8.5 billion and comprised 64% of total loans. Non-financial corporations granted EUR 1.6 billion (12%) loans to each other. Loans received from non-residents totalled EUR 3.1 billion (23% of total loans).
At the end of Q1 2015 the debt of non-financial corporations totalled EUR 13.3 billion and comprised 36.5% of GDP.
