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 780 338 million euros on 30 November 2018, compared to 787 400 million euros on 31 October 2018, a decrease of 0.9%. Between the months of November 2017 and November 2018, the aggregated balance sheet increased by 2.1%.
Net interbank lending, that is to say the difference between interbank loans and deposits, reached 152 322 million euros at the end of November 2018.
Loans to resident non-bank customers decreased by 1 148 million euros, or 1.2%, between October 2018 and November 2018. Between November 2017 and November 2018, these loans increased by 6 281 million euros (7.3%).
The progression of loans to resident non-bank customers was largely attributable to three main components. Indeed, between November 2017 and November 2018, loans to non-financial corporations (NFCs) rose by 2 751 million euros (11.7%), loans for house purchases by 2 279 million euros (8.2%) and loans to other financial intermediaries (OFIs) by 1 363 million euros (5.1%).
With regard to the liability side, deposits from the resident non-bank sector increased by 1 381 million euros (0.6%) between 31 October 2018 and 30 November 2018. On an annual basis, these deposits increased by 5 142 million euros, or 2.1%.
Between November 2017 and November 2018, 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 70.2% as at 30 November 2018 and comprised deposits made by monetary and non-monetary investment funds. Indeed, over the last twelve months, resident OFI deposits increased by 1 368 million euros, or 0.8%. With regard to other sectors, resident household deposits increased by 2 739 million euros (7.7%), while resident NFC deposits decreased by 201 million euros (1.2%).
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page: