Evolution of credit institutions’ balance sheet
The Banque centrale du Luxembourg informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 758 380 million euros on 30 April 2018, compared to 742 162 million euros on 31 March 2018, an increase of 2.2%. Between the months of April 2017 and April 2018, the aggregated balance sheet decreased by 2.9%.
Net interbank lending, that is to say the difference between interbank loans and deposits, reached 141 799 million euros at the end of April 2018.
Loans to resident non-bank customers increased by 1 200 million euros, or 1.4%, between March 2018 and April 2018. Between April 2017 and April 2018, these loans increased by 7 914 million euros (9.8%).
The progression of loans to resident non-bank customers was largely attributable to three main components. Indeed, between April 2017 and April 2018, loans to non-financial corporations (NFCs) rose by 2 865 million euros (12.8%), loans for house purchases by 2 182 million euros (8.2%) and loans to other financial intermediaries (OFIs) by 3 592 million euros (14.7%).
With regard to the liability side, deposits from the resident non-bank sector decreased by 3 904 million euros (1.6%) between 31 March 2018 and 30 April 2018. On an annual basis, these deposits decreased by 447 million euros, or 0.2%.
Between April 2017 and April 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 69.7% as at 30 April 2018 and comprised deposits made by monetary and non-monetary investment funds. Indeed, over the last twelve months, resident OFI deposits decreased by 3 296 million euros, or 2.0%. With regard to other sectors, resident household deposits increased by 2 058 million euros (5.9%), while resident NFC deposits increased by 694 million euros (4.7%).
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page.