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Evolution of credit institutions’ balance sheet
03.07.2023
The Banque centrale du Luxembourg informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 940 845 million euros on 31 May 2023, compared to 958 007 million euros on 30 April 2023, a decrease of 1.79%. This decrease is due to the monthly decrease of loans towards the banking sectors on the asset side and the decrease of deposits from the non-bank sector on the liabilities side. On an annual basis, the aggregated balance sheet decreased by 7.3%.
Net interbank lending, i.e. the difference between interbank loans and deposits, decreased by 14 549 million euros (6.6%) to reach 205 589 million euros at the end of May 2023.
Loans to resident non-bank customers increased by 33 million euros, or 0.03%, between April 2023 and May 2023. Over twelve months, these loans decreased by 2 379 million euros (2.0%).
On a yearly basis, loans to non-financial corporations (NFCs) increased by 1 002 million euros (3.6%), loans for house purchases increased by 534 million euros (1.3%) and loans to other financial intermediaries (OFIs) decreased by 4 372 million euros (10.4%).
With regard to the liability side, deposits from the resident non-bank sector decreased by
8 172 million euros or 2.76% between April 2023 and May 2023. Over twelve months, these deposits decreased by 38 255 million euros, or 11.7%.
Between May 2022 and May 2023, Other financial intermediaries (OFI) deposits (which had a share of 66.6% as at 31 May 2023 and comprised deposits made up by monetary and non-monetary investment funds) decreased by 40 660 million euros (17.5%) and household deposits by 469 million euros (1.0%). NFC deposits increased by 2 458 million euros (11.2%) and deposits from the other sectors[1] also increased by 417 million euros (1.6%).
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
[1] General government, insurance corporations and pension funds.
