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 777 416 million euros on 30 June 2018, compared to 773 834 million euros on 31 May 2018, an increase of 0.5%. Between the months of June 2017 and June 2018, the aggregated balance sheet increased by 2.3%.
Net interbank lending, that is to say the difference between interbank loans and deposits, reached a new peak at 145 533 million euros at the end of June 2018.
Loans to resident non-bank customers decreased by 1 249 million euros, or 1.4%, between May 2018 and June 2018. Between June 2017 and June 2018, these loans increased by 9 104 million euros (11.3%).
The progression of loans to resident non-bank customers was largely attributable to three main components. Indeed, between June 2017 and June 2018, loans to non-financial corporations (NFCs) rose by 2 116 million euros (9.0%), loans for house purchases by 2 242 million euros (8.3%) and loans to other financial intermediaries (OFIs) by 5 275 million euros (23.3%).
With regard to the liability side, deposits from the resident non-bank sector increased by 5 040 million euros (2.1%) between 31 May 2018 and 30 June 2018. On an annual basis, these deposits increased by 8 694 million euros, or 3.7%.
Between June 2017 and June 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 70.9% as at 30 June 2018 and comprised deposits made by monetary and non-monetary investment funds. Indeed, over the last twelve months, resident OFI deposits increased by 5 542 million euros, or 3.3%. With regard to other sectors, resident household deposits increased by 2 678 million euros (7.7%), while resident NFC deposits decreased by 51 million euros (-0.3%).
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page: