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 783 095 million euros on 31 July 2016, compared to 774 933 million euros on 30 June 2016, an increase of 1.1%. Between the months of July 2015 and July 2016, the aggregated balance sheet increased by 3.2%.
Net interbank lending, that is to say the difference between interbank loans and deposits, remained positive and reached 97 725 million euros at the end of July 2016.
Loans to resident non-bank customers decreased by 1 274 million euros, or 1.6%, between June 2016 and July 2016. Between July 2015 and July 2016, these loans increased by 5 042 million euros (7.1%).
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-July 2016, the respective shares of these loans stood at 26.6%, 30.1% and 33.1%. All three of these components continued to progress between July 2015 and July 2016. Indeed, during that time period, loans to NFCs rose by 1 937 million euros (10.6%), OFI-lending by 1 548 million euros (7.3%) and loans for house purchase by 1 673 million euros (7.1%).
With regard to the liability side, deposits from the resident non-bank sector decreased by 3 477 million euros (1.6%) between 30 June 2016 and 31 July 2016. On an annual basis, these deposits decreased by 2 673 million euros, or 1.2%.
Between July 2015 and July 2016, the decrease 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 70.4% as at 31 July 2016 and comprised deposits made by monetary and non-monetary investment funds. Over the last twelve months, resident OFI deposits decreased by 4 894 million euros, or 3.1%. With regard to other sectors, resident household deposits increased by 2 099 million euros, or 6.7%, while resident NFC deposits went down by 920 million euros (6.2%).
Finally, 141 credit institutions were officially registered in Luxembourg at end-July 2016.
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page.