Evolution of credit institutions’ balance sheet
The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 781 992 million euros on 31 March 2017, compared to 771 265 million euros on 28 February 2017, an increase of 1.4%. Between the months of March 2016 and March 2017, the aggregated balance sheet increased by 1.8%.
Net interbank lending, that is to say the difference between interbank loans and deposits, reached a new historical high at 123 228 million euros at the end of March 2017.
Loans to resident non-bank customers increased by 2 140 million euros, or 2.7%, between February 2017 and March 2017. Between March 2016 and March 2017, these loans increased by 6 119 million euros (8.3%).
The progression of loans to resident non-bank customers was largely attributable to its main components, that is to say loans to non-financial corporations (NFCs), loans to other financial intermediaries (OFIs) and lending to households for house purchases. At end-March 2017, the respective shares of these loans stood at 27.5%, 29.9% and 32.9%. All three of these components continued to progress between March 2016 and March 2017. Indeed, during that time period, loans to NFCs rose by 2 849 million euros (14.9%), loans to OFIs by 1 851 million euros (8.4%) and loans for house purchases by 1 847 million euros (7.5%).
With regard to the liability side, deposits from the resident non-bank sector increased by 7 964 million euros (3.6%) between 28 February 2017 and 31 March 2017. On an annual basis, these deposits increased by 14 043 million euros, or 6.5%.
Between March 2016 and March 2017, the increase in deposits from the resident non-banking sector was largely attributable to its main component, that is to say deposits from the OFI sector, which had a share of 70.5% as at 31 March 2017 and comprised deposits made by monetary and non-monetary investment funds. Indeed, over the last twelve months, resident OFI deposits increased by 10 102 million euros, or 6.7%. With regard to other sectors, resident household deposits increased by 1 847 million euros, or 5.6%, while resident NFC deposits increased by 1 191 million euros (8.4%).
Finally, it should be noted that 143 credit institutions were officially registered in Luxembourg at end-March 2017.
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page: