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 845 321 million euros on 31 August 2020, compared to 861 930 million euros on 31 July 2020, a decrease of 1.9%. Between the months of August 2019 and August 2020, the aggregated balance sheet increased by 2.0%.
Net interbank lending, that is to say the difference between interbank loans and deposits, decreased by 9 941 million euros (5.9%) to reach 158 148 million euros at the end of August 2020.
Loans to resident non-bank customers increased by 461 million euros, or 0.5%, between July 2020 and August 2020. Between August 2019 and August 2020, these loans increased by 6 674 million euros (7.0%).
The progression of loans to resident non-bank customers was largely attributable to its three main components. Indeed, between August 2019 and August 2020, loans to non-financial corporations (NFCs) rose by 1 434 million euros (5.2%), loans for house purchases by 2 950 million euros (9.2%) and loans to other financial intermediaries (OFIs) by 2 513 million euros (8.9%).
With regard to the liability side, deposits from the resident non-bank sector decreased by 6 043 million euros or 2.26% between July 2020 and August 2020. On an annual basis, these deposits increased by 5 283 million euros, or 2.1%.
Between August 2019 and August 2020, OFI deposits (which had a share of 69.0% as at 31 August 2020 and comprised deposits made by monetary and non-monetary investment funds) increased by 2 073 million euros (1.2%) and household deposits by 2 287 million euros (5.6%). Resident NFC deposits decreased by 72 million euros (0.4%).
The tables pertaining to the balance sheet of credit institutions can be consulted on the BCL’s website on the following page: