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 780 831 million euros on 30 April 2017, compared to 781 993 million euros on 31 March 2017, a decrease of 0.1%. Between the months of April 2016 and April 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 total of 123 043 million euros at the end of April 2017.
Loans to resident non-bank customers increased by 963 million euros, or 1.2%, between March 2017 and April 2017. Between April 2016 and April 2017, these loans increased by 7 280 million euros (9.9%).
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-April 2017, the respective shares of these loans stood at 27.6%, 30.1% and 32.7%. All three of these components continued to progress between April 2016 and April 2017. Indeed, during that time period, loans to NFCs rose by 3 464 million euros (18.3%), loans for house purchases by 1 870 million euros (7.6%) and loans to OFIs by 2 142 million euros (9.6%).
With regard to the liability side, deposits from the resident non-bank sector increased by 3 671 million euros (1.6%) between 31 March 2017 and 30 April 2017. On an annual basis, these deposits increased by 17 978 million euros, or 8.4%.
Between April 2016 and April 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 71% as at 30 April 2017 and comprised deposits made by monetary and non-monetary investment funds. Indeed, over the last twelve months, resident OFI deposits increased by 13 923 million euros, or 9.2%. With regard to other sectors, resident household deposits increased by 1 749 million euros, or 5.3%, while resident NFC deposits increased by 955 million euros (6.9%).
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page: