Prince Henri Auditoire 02 BW

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 766 831 million euros on 31 August 2016, compared to 783 095 million euros on 31 July 2016, a decrease of 2.1%. Between the months of August 2015 and August 2016, the aggregated balance sheet increased by 1.3%.

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Net interbank lending, that is to say the difference between interbank loans and deposits, remained positive and reached 94 749 million euros at the end of August 2016. 

Loans to resident non-bank customers decreased by 1 024 million euros, or 1.3%, between July 2016 and August 2016. Between August 2015 and August 2016, these loans increased by 2 832 million euros (3.9%). 

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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-August 2016, the respective shares of these loans stood at 27.1%, 28.8% and 33.5%. Apart from loans to OFIs, the other two components continued to progress between August 2015 and August 2016. Indeed, during that time period, loans to NFCs rose by 1 722 million euros (9.3%) and loans for house purchase by 1 578 million euros (6.7%), whereas OFI-lending decreased by 94 million euros (0.4%).

With regard to the liability side, deposits from the resident non-bank sector decreased by 2 064 million euros (1.0%) between 31 July 2016 and 31 August 2016. On an annual basis, these deposits decreased by 6 493 million euros, or 2.9%. 

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Between August 2015 and August 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 70.7% as at 31 August 2016 and comprised deposits made by monetary and non-monetary investment funds. Over the last twelve months, resident OFI deposits decreased by 8 405 million euros, or 5.3%. With regard to other sectors, resident household deposits increased by 2 176 million euros, or 7.0%, while resident NFC deposits went down by 1 554 million euros (10.6%).

Finally, 141 credit institutions were officially registered in Luxembourg at end-August 2016.

The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page: