The Central Bank of Luxembourg has published provisional figures showing that the balance sheet of credit institutions in Luxembourg amounted to over €777 billion at 31 January 2017, an increase of 1.8% over December 2016’s balance of almost €764 billion, and an increase of 1.9% against the figure for January 2016.
The interbank balance, i.e. the difference between receivables and interbank liabilities, reached a new historic high of 111,596 million euros at the end of January 2017.
Loans to non-bank resident customers increased by €956 million, or 1.2%, between December 2016 and January 2017. Between January 2016 and January 2017, these credits increased by over €4 billion, or 5.6%.
According to the report, the evolution of credit to non-bank resident customers was driven by loans to non-financial corporations (27.2%), other financial intermediaries (28.9%) and household mortgages (33.5%).
Between January 2016 and January 2017, loans to non-financial corporations increased by €1.9 billion (10.1%), property loans to households by €1.8 billion (7.4%) and to other financial intermediaries by € 306 million (1.4%).
On the liabilities side, deposits in the non-bank resident sector decreased by €1.24 billion, or 0.6%, between 31 December 2016 and 31 January 2017. Over 12 months, these deposits increased by €11 billion, or 5.3%.
Between January 2016 and January 2017, the most significant increase was in resident deposits from the other financial intermediaries sector (which includes money and non-monetary funds and a 70.4% share as of January 31). Indeed, in the last twelve months, the same deposits increased by €8.8 billion (or 6.0%). As for other sectors, deposits of resident households increased by €1,8 billion, or 5.4%, and deposits of resident non-financial corporations by € 219 million, or 1.5%.
Finally, the report stated, it should be noted that the number of credit institutions listed on the official list as at 31 January 2017 was 142.
The statistical series relating to the balance sheet of credit institutions are available on the BCL's website: http://www.bcl.lu/en/statistics/series_statistiques/11_etablissements_credit/index.html
Image: © STATEC -- blue: other financial intermediaries; green: non-financial corporations; red: households
