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 748 851 million euros on 30 September 2017, compared to 751 990 million euros on 31 August 2017, a decrease of 0.4%. Between the months of September 2016 and September 2017, the aggregated balance sheet increased by 0.5%.
Net interbank lending, that is to say the difference between interbank loans and deposits, reached 124 632 million euros at the end of September 2017.
Loans to resident non-bank customers increased by 1 935 million euros, or 2.4%, between August 2017 and September 2017. Between September 2016 and September 2017, these loans increased by 5 969 million euros (7.7%).
The progression of loans to resident non-bank customers was largely attributable to three main components. Indeed, between September 2016 and September 2017, loans to non-financial corporations (NFCs) rose by 2 217 million euros (10.3%), loans for house purchases by 2 023 million euros (8.0%) and loans to other financial intermediaries (OFIs) by 2 183 million euros (9.6%).
With regard to the liability side, deposits from the resident non-bank sector decreased by 4 274 million euros (1.8%) between 31 August 2017 and 30 September 2017. On an annual basis, these deposits increased by 16 336 million euros, or 7.6%.
Between September 2016 and September 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 70.6% as at 30 September 2017 and comprised deposits made by monetary and non-monetary investment funds. Indeed, over the last twelve months, resident OFI deposits increased by 12 058 million euros, or 8.0%. With regard to other sectors, resident household deposits increased by 1 517 million euros (4.5%), while resident NFC deposits increased by 1 481 million euros (10.7%).
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page: http://www.bcl.lu/en/statistics/series_statistiques_luxembourg/11_credit_institutions/index.html