Prince Henri Auditoire 02 BW

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 790 363 million euros on 28 February 2019, compared to 788 556 million euros on 31 January 2019, an increase of 0.2%. Between the months of February 2018 and February 2019, the aggregated balance sheet increased by 5.5%.

Graph 1

Net interbank lending, that is to say the difference between interbank loans and deposits, reached 151 014 million euros at the end of February 2019.

Loans to resident non-bank customers increased by 282 million euros, or 0.3%, between January 2019 and February 2019. Between February 2018 and February 2019, these loans increased by 6 470 million euros (7.5%).

Graph 2

The progression of loans to resident non-bank customers was largely attributable to two out of three main components. Indeed, between February 2018 and February 2019, loans to non-financial corporations (NFCs) rose by 2 991 million euros (12.5%) and loans for house purchases by 2 355 million euros (8.3%), while loans to other financial intermediaries (OFIs) increased by 932 million euros, or 3.5%.

With regard to the liability side, deposits from the resident non-bank sector rose by 95 million euros (0.04%) between 31 January 2019 and 28 February 2019. On an annual basis, these deposits increased by 7 769 million euros, or 3.3%.

Graph 3

Between February 2018 and February 2019, the increase of 0.2% 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 68.9% as at 28 February 2019 and comprised deposits made by monetary and non-monetary investment funds. Indeed, over the last twelve months, resident OFI deposits increased by 344 million euros. With regard to other sectors, resident household deposits increased by 3 022 million euros (8.3%), while resident NFC deposits increased by 2 407 million euros (16.2%).

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